UTX – Tick Insights

Ball Corporation Stock Code BLL.NYS

Outlook
Price tested the lower edge of the cloud for two consecutive days but was unable to move above the cloud. Price had two red large candles which could be a sign of price reversing lower away from the cloud. Price is below the cloud with both Conversion and Base lines confirming the bearish trend with a bearish crossover. MACD has a bearish crossover below the zero line, confirming the bearish trend. Using Ichimoku N price projection, we can project the end point of this possible bearish move. The N price objective is at $62.65. Fibonacci 127% price projection is at $66.40 while 161.8% lies at $62.20.

Strategy
$71.20                Short Sell
$62.60                Price Target
$75.10                Risk Management Stop
3 weeks              Trade Duration

United Technologies Corporation Stock Code UTX.NYS

Outlook
Price moved above the resistance at $138.34 yesterday, triggering a bullish breakout with a Ichimoku V price projection target of $147.85. The bullish trend was confirmed by a bullish crossover between the Conversion and Base lines a few days earlier, with price above the cloud currently. MACD is bullish with both the indicator’s lines above the zero line. MACD is also turning up with its histograms increasing in size. Price could be heading higher to the V projection target at $147.85 if it breaks above the current resistance level at $144.40

Strategy
$140.90             Buy
$147.85             Price Target
$136.40             Risk Management Stop
3 weeks              Trade Duration

Walt Disney Company Stock Code DIS.NYS

Outlook
Price declined to a low of $131.02, which was a strong support level, and has recovered to the lower edge of the cloud. Price is currently capped by the lower edge of the cloud. As price is below the cloud, we think this current rally could be a corrective rally. MACD is bearish with both its lines below the zero line. MACD confirms the corrective price rally. The price rally is capped by the Fibonacci 50% to 62% correction zone of the decline from a high of $147 to the low of $131. As long as price stays below the cloud, we think it is likely to move lower to $126.14. A move above $143.80, which is just above the upper cloud edge, would negate our bearish view.

Strategy
$139.30              Short Sell
$126.20             Price Target
$144.00             Risk Management Stop
3 weeks              Trade Duration

United Technologies Corp Stock Code UTX.NYS

Outlook
Price has been on an uptrend, climbing higher and higher since starting that uptrend movement back in late Dec 2018. Since breaking above the cloud, price has been climbing and had stayed above the above the cloud. Price is above the cloud and above both the Conversion and Base lines. This is a sign of a strong bullish trend. This bullish trend is confirmed by the Lagging Span, which is above price of 26 days ago as well as above the cloud. The three pillars of a stable trend are all in place. Two days ago, price broke above its high at $58.80 and yesterday, price stayed above that high maintaining the bullish uptrend. MACD is bullish and both its lines are the zero line, which is a sign of a strong bullish trend.

Strategy
$134.20              Buy
$140.60              Price Target
$129.60             Risk Management Stop
3 weeks              Trade Duration