The post RTX tests channel support after sharp rejection appeared on BitcoinEthereumNews.com. RTX Corporation, a leading aerospace and defense contractor specializing in aircraft engines, avionics, and missile systems, is currently navigating a technical inflection point that deserves close attention. After months of disciplined upward movement, the stock has hit turbulence. What happens next on the chart could define the trajectory for weeks to come. Since May, RTX has been climbing within a well-defined ascending channel, a structure that’s provided both guidance and boundaries for traders. Think of it as the guardrails on a mountain highway—price has respected these lines remarkably well, bouncing off support and pulling back from resistance with clockwork precision. The upper boundary near $180-$184 has proven formidable, rejecting price yet again in October when RTX approached $178 before rolling over. Now, here’s where things get interesting. The stock is currently trading around $173, down over 3% from the rejection, and drifting toward that lower channel support in the $152-$160 zone. That blue dashed median line running through the channel’s center is worth watching as an intermediate reference point—a level where buyers might step in before price reaches the more substantial support below. What I like most about this setup is the clarity it offers. For bulls, the lower channel boundary represents a logical area to consider entries, particularly if we see volume dry up and price stabilize. A bounce from support could target a retest of the upper resistance, offering a potential swing of 10-15% within the channel structure. But here’s the risk: if RTX breaks below that lower blue support line with conviction, the entire channel structure gets invalidated. That would signal a shift in momentum, potentially opening the door to deeper retracement. My experience tells me to watch for how price behaves as it approaches support—does it hesitate and bounce, or slice through without opposition? The aerospace… The post RTX tests channel support after sharp rejection appeared on BitcoinEthereumNews.com. RTX Corporation, a leading aerospace and defense contractor specializing in aircraft engines, avionics, and missile systems, is currently navigating a technical inflection point that deserves close attention. After months of disciplined upward movement, the stock has hit turbulence. What happens next on the chart could define the trajectory for weeks to come. Since May, RTX has been climbing within a well-defined ascending channel, a structure that’s provided both guidance and boundaries for traders. Think of it as the guardrails on a mountain highway—price has respected these lines remarkably well, bouncing off support and pulling back from resistance with clockwork precision. The upper boundary near $180-$184 has proven formidable, rejecting price yet again in October when RTX approached $178 before rolling over. Now, here’s where things get interesting. The stock is currently trading around $173, down over 3% from the rejection, and drifting toward that lower channel support in the $152-$160 zone. That blue dashed median line running through the channel’s center is worth watching as an intermediate reference point—a level where buyers might step in before price reaches the more substantial support below. What I like most about this setup is the clarity it offers. For bulls, the lower channel boundary represents a logical area to consider entries, particularly if we see volume dry up and price stabilize. A bounce from support could target a retest of the upper resistance, offering a potential swing of 10-15% within the channel structure. But here’s the risk: if RTX breaks below that lower blue support line with conviction, the entire channel structure gets invalidated. That would signal a shift in momentum, potentially opening the door to deeper retracement. My experience tells me to watch for how price behaves as it approaches support—does it hesitate and bounce, or slice through without opposition? The aerospace…