RTX holds above its converging trendline from April 2025 and is slightly stronger than NOC today, but faces a key test: closing again above 193.46 resistance, where price is being rejected; if the rise continues, the next major resistance is 198.36.
Jump to any passage
As I was talking about Raytheon, it's slightly more powerful than NOC today. Nations, at the moment, as we see , are trying to close it off . The main thing to watch today, folks , is to see if it can close again above the 193.46 resistance level.
This is the test during the day. It also broke through the upward trend line here from April 22, 2025. So, there is some kind of significant resistance and the price is already facing it now.
It is trying to break through this horizontal line and the converging trend line, and Raytheon is still thriving above them. If the upward movement continues, I am looking at this level here as the next major resistance at 198.36.
As we can see, the price is rejected here. Key level of polarity.
What this channel has said about $RTX
Verified Investing has 2 calls on this stock; only the adjacent ones are shown.