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Raytheon Technologies Is Ready for Liftoff
In this daily bar chart of RTX, below, we can see that prices declined in December below the rising 200-day moving average line but they managed to make a small double bottom pattern and have rallied into the new year. The On-Balance-Volume (OBV) line shows improvement from the middle of December, and the Moving Average Convergence Divergence (MACD) oscillator recently crossed above the zero line for a new outright buy signal. In this weekly Japanese candlestick chart of RTX, below, we can see the last three years of price action.
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