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Analysis: #NYSE $UTX

Case 228 #United_Technologies Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#UTX 1/4
Chart 1
Monthly Chart: After reaching the all time high of 154.44 (Feb. 2020) strong selling pressure has resulted in a 50% loss in value and in the process knocking out the 10 year channel support #trendline. Buyers entered at he #Fib. 0.618 and for the .....

UTX 2/4
..... moment the #SMA 200 holds. The short and medium term trends are now very #bearish coupled with strong choppy movement. Long term we expect further losses towards 43.00-27.00 which is a major #support zone.

UTX 3/4
Read 4 tweets
#Analysis: #NYSE: #UTX

Case 9 #UnitedTechnologiesCorporation (UTX)

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to place trades.

Please do your own research!

Thread 👇👇👇

1/8
A nice up trending stock with good volume and momentum but ever since the beginning of 2019 volume and momentum have dropped off. A huge move down was seen after peaking at $144.40 but the Fib 0.382% has held further downside probes. .....

2/8
I see more downside potential
unless price closes above major resistance point. The trading action has thus turned a bit messy.

3/8
Read 9 tweets

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