LockHeed Daily looking to Test HighsBullish break of resistance following a bulldiv reversal on the weekly. Good bull continuation volume MA cross on the weekly just happened giving good support for potentially a new high.
LLLOCKHEED MARTIN CORP CEDEAR EAC 20 REP 1(USD)
24.00USDD
−0.25−1.03%
At close at Jun 10, 19:24 GMT
USD
No trades
LMTD trade ideas
reclaimed the 200sma on that massive day 3, goes agane soon somewhere, someone is losing their ass shorting stocks, crunching in the numbers looking at Americas military spending debts, while some ungrateful trust fund baby is in their mid teens spending their parents $LMT dividends on gucci flip flops whilst listening to lil pump. poetic
$LMT Inverted H&S on Daily$LMT Lockheed Martin has formed what appears to be a very clear inverted head and shoulders pattern on the daily chart over the last 3-4 months. Up nicely today after UBS initiated coverage with a Buy rating and $400 price target. Will be looking for a break through $330 level for confirmation. Another positive sign, the 50d ema is turning back north about to crossover the 200d.
Near term target - $336.50
Medium term target - $363.00 (previous all time high)
Note: Informational analysis, not investment advice.
Sell LMTHourly
Possible bearish two method setup
as well beaish harami last few hours of trading day
mixed signals
volatile session, very suspect
pennat, assym triangle formation
gap to retest on 3 hour
Just keep an eye on LMT,
LMT kicked ass on earnings...
How would like like to earn an extra $billi versus the street this quarter~
Profit trading
LMT Going into EarningsLMT is down over 15% from it's highs in February mostly due to Trump's trade war. The chart has formed a head and shoulders pattern, then turned down and formed a cup & handle pattern. The cup is short in length and V shaped, however, the company has been signing contracts and making new sales all the while. I believe revenue and earnings will beat expectations and the stock will rally to at least the $322-$325 range.
