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RTN has the right look ahead of a thrust to the upside

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    All of the action in Ray the on Company (RTN) since its Dec high at 129.99 has the right look of a completed, or nearly completed, digestion period in the aftermath of the prior significant upleg off of its July 2015 low at 95.32. As long as important near-term support at 120.50 to 119.45 retains the integrity of the high-level digestion pattern, I want to be long RTN in anticipation of a forthcoming thrust to new highs. The upside from yesterday's low at 120.24 to today's high at 123.88

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