Short term view - UNITED TECH CP : The moving average is supporting prices.
The resistance has been passed, the trend becomes positive as we now have a succession of ascending peaks and troughs.The next target is at $134.00. The invalidation level is below $122.70.Arguments :
- The major support has been reached, it causes the bounce.
- The resistance has been reached, it causes the fall.
- The moving average is supporting prices.
United Technologies provides technology products and services to the building systems and aerospace industries. The company has four segments: Otis, which designs, manufactures, sells and installs passenger and freight elevators; Carrier, which provides heating, ventilating, air conditioning refrigeration, fire, security and building automation products; Pratt & Whitney, which supplies aircraft engines for the commercial, military, business jet and general aviation market; and Collins Aerospace Systems, which provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military, space and undersea operations.
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