RTX has been a consolidation flag since March, it has broken below its moving averages and is reaching the apex of the flag. I'm expecting this to actaully break downward to the $56 area.
Is it a good time to get in? To the naked eye, it seems like a safe government-fueled stock that is still battered from the Covid crash.
BBTrader29
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@SugarMuffin, in my opinion it hasn’t proved itself yet. If it trended upward beyond the 63 mark, I would think it’s back in bullish mode. Right now it may be stuck in bearish consolidation. This is based on price action only. But typically price action is king