TXT is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Market participants tracking Textron should note the latest formation. Currently at $88.05, the asset is showing downward momentum (-0.97%). Algorithmically, a Descending Triangle structure has completed. The trend indicator is reading 20.6/100, suggesting moderate momentum. A potential breakout level is identified at $85.61, targeting $70.26 with support near $92.04 (R:R 2.39).
What is your outlook on TXT?