Momentum is building with this Falling Wedge. See the live chart action.
Reversal pattern. Price likely to break upwards.
A clear signal has emerged for RTX Corporation (RTX) on the daily chart. With a last close of $196.21, volatility remains active (0.77%). Price action has carved out a classic Falling Wedge. The trend indicator is reading 24.5/100, suggesting moderate momentum. A potential breakout level is identified at $202.03, targeting $214.5 with support near $185.57 (R:R 0.76).
What is your outlook on RTX?