Going Long on RTX
The chart is on a clear uptrend
RTX is an aerospace and defense stock. We all know the current event in Ukraine and Russian war. As a result, it pushed the price higher with relative strength. RSI is above 50.
Remember before entering
1. what is the Pattern or the set up: Pullback to 20 ema
2. Volume accumulation
3. Moving averages 20>50>100
4. Is stochastic oversold or overbought?
5. Is it worth the squeeze?
6. Does it align with multiple TF?
7. Position size
8. Entry
9. Exit
10. SL
11. VAR is 1-2%
12. Strategy long
RTX is an aerospace and defense stock. We all know the current event in Ukraine and Russian war. As a result, it pushed the price higher with relative strength. RSI is above 50.
Remember before entering
1. what is the Pattern or the set up: Pullback to 20 ema
2. Volume accumulation
3. Moving averages 20>50>100
4. Is stochastic oversold or overbought?
5. Is it worth the squeeze?
6. Does it align with multiple TF?
7. Position size
8. Entry
9. Exit
10. SL
11. VAR is 1-2%
12. Strategy long
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