Otis Worldwide Corp

OTIS remains in an early Stage 1 consolidation with a momentum breakout above the mid-70s base showing initial demand, but price is extended above rising 9/21 EMAs without a clean pullback entry. Mean-reversion eligibility supports a bullish medium-term bias despite the longer-term downtrend, yet follow-through remains unconfirmed and a retracement into the breakout zone or EMAs offers a higher-probability entry.

• ↑Service sales rose 5% organic in Q1; net sales $3.6B.
• ↑Modernization backlog jumped 30% CCY, underpinning future revenue.
• ↓New equipment orders fell 1% in Q1; China orders down 15%.