Bullish potential detected for RTX
Entry conditions:
(i) retracement back to potential support area of $210.18 (4hr support level of 5th March) or $215.00 (4hr support level of 3rd March) for
RTX
, and
(ii) observation of market reaction at these potential support areas noted above.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 50 day MA (currently $206.71), or
(ii) below the rising quarterly VWAP (i.e.: $204.06), or
(iii) below the 4 hour support level from 9th April (i.e.: $203.69).