LMT 10/22/2020bounced off nicely from 61.8 FIB level from the recent swing. however there's been strong sell pressure past few days. if this stock keeps going down, it may go close the gap between 355-360 area.
LMTB34 trade ideas
Possible Earnings play for LMTWith LMT still holding and consolidating above the 200 DMA, I am keeping an eye on LMT running up to its earnings this week. Any constructive criticism is appreciated as I am still learning.
LMT - ER Tues. Can't get tighterNo idea which way the stock will go, but this pennant can't get any tighter. A big move is coming, but unsure of direction.
LMT Trade 9.14LMT looking solid on the daily chart for a few days.
Target is the 395 - 399 range.
Weekly chart looks week so this trade is a short term long.
Best,
--d0x
$LMT triangle breakout Ticker: $LMT
- Huge triangle... ready to break
- Lows of Friday held triangle support and point of control well
- Watch for a break and hold above 400 or below Friday's low of day
- Nearest price targets marked
Bull flag.... symmetrical triangleOpened a Position with $400 call options expiring Dec 18. waiting for a breakout on above average volume.
LMT - a strong technical structure to buy and hold up to 600Easy structure, proves to be effective based on tons of patterns reviewed)
Tutorial on selecting your Price TargetR - Stands for Resistance 1, Resistance 2, Resistance 3
S - Stands for Support 1, Support 2, Support 3
P - Stands for Pivot Point
One resistance level may be tomorrow's support.
An easy way while initially learning is from analysts reports.
I prefer to use pivot points based off TF's I anticipate tying up buying power in the trade.
I.e.
I5m-1hr Intraday
Daily TF 1-4 days
Weekly TF 4-14 days
If you are not using pivot points, they are very easy to use on TradingView and will help have more success when selecting entries, stops, and targets.
Global Defense Stocks: USA Korea. Pump or FlatThese guys will either pump like Apple or do nothing at all. In either case, you don't suffer. You'd just be parking your cash for a few weeks. Yes. Weeks. No longer. I'd be looking at the first few weeks of Trump's next term to close out.
Could be setting up for a golden cross - BullishLockheed has been consolidating in a strange range for quite some time. Could be setting up for a bullish run if a golden cross of the 50 over the 200 MA.
GoldCartel - Lockheed Martin long-term forecastLockheed Martin said it will compete to build the Missile Defense Agency’s Next-Generation Interceptor designed to protect the homeland against intercontinental ballistic missile threats from North Korea and Iran.
LMT: TP: $400Complicated chart but it seems it has a breakout and today had a good earning, can gradually rise to $400.
$LMT - As long as it stays above 376-8, positive to targets 400$and might be above also (where the upper trending line located)
Not for any advise
Just an Idea
LMT small pullback before hitting $400Looking like its going up too fast to me. Expecting a small gap up followed by a pullback to low 380s, then next stop $400+
