United we stand…. with United Technologies Corp.

6 year and on going ascending channel for United Technologies Corp. Will it continue?

A 1 year range is testing an eventual bullish breakout. Here is the monthly candle chart (10 years):

utx_m

A break and close above my alert at the 120 mark will be my first step before taking a position.

A close up on the weekly candle chart (5 years) shows the bounce off the lower channel boundary and very soon test of that horizontal resistance line.

utx_w

The daily candle chart (1 year) show the multiple times the 120 line was tested.

Keep a close eye on this one for a breakout and possible move to the upper channel boundary.

 

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