First idea post on here.
Lurking in the shadows for years. Stealing all of your wonderful trades.
Been accumulating Raytheon RTX Since Aug between $58 -$60
I believe a Trump win will set off a massive Rally in Defense/Military contractors
RTX has a Really nice 10+ year Channel Never Broken
Been at the Bottom of the channel since Covid
Raytheon has a massive backlog of product to ship out( including Patriot shelters, Mobilizers, EEU ect).
Defense contractors kicking production into overdrive last month to deliver backlogs
Product will start shipping over the next month leading up to the election.
Wedge is closing in leading right to the election day.
Look for entry/accumulation between $59-$62
Set tight Stop at $57.99
After take off set a trailing stop or set Fib Targets
Lurking in the shadows for years. Stealing all of your wonderful trades.
Been accumulating Raytheon RTX Since Aug between $58 -$60
I believe a Trump win will set off a massive Rally in Defense/Military contractors
RTX has a Really nice 10+ year Channel Never Broken
Been at the Bottom of the channel since Covid
Raytheon has a massive backlog of product to ship out( including Patriot shelters, Mobilizers, EEU ect).
Defense contractors kicking production into overdrive last month to deliver backlogs
Product will start shipping over the next month leading up to the election.
Wedge is closing in leading right to the election day.
Look for entry/accumulation between $59-$62
Set tight Stop at $57.99
After take off set a trailing stop or set Fib Targets
Nota
Closed position at $72Profit with options and stocks 64%
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.