BOS TradeBreak of structure
waited for pullback on 30 min
brought puts on continuation below 30min pullback
LMTB34 trade ideas
LMT , LONG This is one I've been watching for several months or through 2022 .
I wanted to wait for a break abouve current all time high but I saw some things that I really like that justified the trade so I took it 2 min prior to close .
First of all LMT is a stock that has shown strength vs general market through 2022 which is the kind of stuff I want to be buying .
Todays price action is nice , I marked what I really like on the chart . I see volume is kind of low but we are in a range .
I have set a 1.5R derisk target near ATH which I think is reasonable . I will sell half there if sucessful and tighten stop to half , or 0.5 R initial risk .
Some points :
1) Low volume down at support , could be higher ..
2) Hammer from a few days ago .
3) Today is a bullish engulfing , that creates a higher high and eclipses 4 near-term candles to the left and was not sold at close .
4) We are in a daily range but it is a trending range since it has a major higher low mind you it also has a LH with lots of wicks so still
confusion there ... trading range price action rules BLSH ( buy
bottom 1/3 of range and sell top 1/3 ) which is basically what we are doing here only maybe buying a bit higher than we should
be, but that being said we still have a 1.5 R derisk to top of range , so reasonable .
Price action was the main justification for entry here hoping to see trend from open tomorrow / strong bulls / continuation..
$LMT Target 487$$LMT Breakout in 4h Chart on above average volume after consolidation phase - Target 487$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
BOS w/ bull flag - recapBreak of structure with bull flag
Waited for pullback on 30 min and brought calls on continuation.
Lockheed Martin Corp - Still up over 30% in 2022On 7th March 2022, this company reached an all-time high of 479.99 USD. However, it struggled to move higher after that and started to exhibit choppy price action. Over the past few weeks, it formed a range within which it tends to move; this rectangle pattern spans between 429.32 USD and 449.58 USD. We will monitor the price action of LMT as we anticipate a breakout either to the upside or downside. If the breakout to the downside occurs, an interesting opportunity of shorting this stock may present itself as this stock is still up over 30% in 2022.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bullish. However, the trend lacks momentum. Overall, the daily time frame is neutral.
Illustration 1.01
Illustration 1.01 shows the setup for LMT with two alternative scenarios. A breakout above the short-term resistance will be bullish, while a breakout below the short-term support will be bearish.
Technical analysis - weekly time frame
Stochastic, RSI, and MACD are all bearish. DM+ and DM- are bullish. Overall, the weekly time frame is slightly bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
6/5/22 LMTLockheed Martin Corporation ( NYSE:LMT )
Sector: Electronic Technology (Aerospace & Defense)
Market Capitalization: 117.803B
Current Price: $442.69
Breakout price: $446.45
Buy Zone (Top/Bottom Range): $439.40-$426.40
Price Target: $474.40-$485.30 (3rd)
Estimated Duration to Target: 70-73d (3rd)
Contract of Interest: $LMT 9/16/22 445c
Trade price as of publish date: $21.35/contract
LMT Autumn Reversal 🔼Lockheed Martin (LMT) NYSE:LMT made a stand at long-term support of 335. Although it is beneath the long-term pennant, the bullish engulfing candle on Wednesday, September 22 indicates a potential continuation candle back inside the pennant. If this occurs, the potential for a breakout into the October 25th earnings is very likely. Not to mention, the defense sector has been lagging over the course of the last 3 months, presenting another catalyst for a bullish position.
$LMT Setting Up Around Its 50 MANo growth numbers here on $LMT but if you are looking for a technically solid setup this could fit the bill.
LMT Head & Shoulders Dump DumpNYSE:LMT
Lockheed Martin is about to confirm a H&S pattern on the daily chart.
On the weekly timeframe, it is pretty over-extended.
The Weekly MACD has crossed under the signal line, and the (not shown) Weekly RSI has exited overbought levels.
Price has broken under and retested the median line of the Schiff Fork (Purple)
A test of the lower bound of the fork around the $406 price level is locked in. (T0)
Judging by the chart pattern, I suspect that price will inevitably breakdown further to the lower targets set by the H&S pattern.
Using the light blue "Inside" Pitchfork as a path down to the lower targets, which coincide with extension levels of the purple Schiff pitchfork.
T1 = Height of the "Head" measured down from the neckline. - 2.0 Extension of the Schiff Pitchfork = $375 price level
T2 = 16% Average price decline of H&S patterns in bull markets per the Encyclopedia of Chart Patterns by Thomas N. Bulkowski. - 2.618 Extension of the Schiff Fork = $356 price level
Break of StructureBreak out of base
pull back and brought calls on continuation
Tight stops as were in a bear market
Lockheed Martin (LMT) bullish scenario:The technical figure Pennant can be found in the US company Lockheed Martin Corporation (LMT) at daily chart. Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry The Pennant has broken through the resistance line on 25/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 8 days towards 461.30 USD. Your stop loss order according to experts should be placed at 417.29 USD if you decide to enter this position.
Lockheed (LMT) Wins $31M Deal to Support F-35 Jet Program. Valued at $30.5 million, the contract is expected to be completed by April 2024. The award includes the development and delivery of F-35 pilot training device capability to support its continuous capability development and delivery plan.
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Long LMT in the long termAs long as the war doesn't come to a peace treaty and countries like Germany and Switzerland spending increasing budget on defence, Lockheed Martin would be churning out armaments like Javelin missiles or F35s.
LMT might retest its strong resistance zone around 390-400 as the new support, or it might continue to trade in-range till a breakout towards upside or downside. Imo there is more upside in the long term. Can watch for the next quarterly earning too.
I am long LMT in the long term.
Lockheed Martin This is a long shot as the war is not over air warfare which is the specialty of Lockheed. However, the increase of its drone manufacturing capabilities could grant it a lot of governement contracts. If Putin boosts the Ukraine conflict from Special Operation to a declaration of War, I expect a lot of upside for Lockheed; specially Drone warfare division.
LMTOne of the few names that I think might have potential on the long side right now. Bouncing off YTD VWAP & the 100 sma today. Still consolidating at previous ath after breaking out of the downtrend in January of this year. Needs to hold here or it'll probably go back to test that $385-395 range imo.
Breakout of Symmetrical triangleBreaking the current pattern (symmetrical triangle), expecte to go down to (TP1=420/TP2=400)
BOS and BOT RECAPBreak of Structure and Break of Trendline
Break and pullbacl on 15min chart. buy puts on continuation
Profit +50%
Lockheed Martin - Bump & Run Reversal Bottom - LongBump & Run Reversal Bottom pattern has confirmed.
A reverse symmetry move to the $440 area could be in the cards.
Weekly MACD about to cross positive with a lot of room to the upside.
9wEMA crossing above the 20wEMA.
Not to mention the worsening situation in Ukraine providing a possible tailwind going forward.
LMT - the good times are now over. My big bearish play.We entered this stock before the Ukraine war when it was not a cool stock. Suffice it to say the bullish formation paid dividends and it has returned to a cool $440, netting us many profits in this long term trade.
However, the time has come now to exit and reassess at more reasonable valuations around a $350 stock price.
Unfortunately for Lockheed, and other defence companies, the Ukrainian war is proving to be a more limited engagement and as such, expectations of a full blown war between NATO and Russia must be tempered.
The weekly volume has been steadily declining along with a clear top pattern on the weekly RSI - I expect this stock to be $350 by the end of the year and as such have done a 4 way trade:
Call credit: 460/480c 12/31
Put debit: 380/400p 12/31
As well as some more fun 350/360p 12/31 put debits for a larger win should the target be met.
I will reassess this trade later this year.
This stock is up because of 1) limited ukraine war 2) expectations of a chinese move on Taiwan - unlikely 3) significant increases in US defence spending - unlikely in peacetime due to deficit constraints and inflation.
LMT breaking down...LMT has been a strong name due to the conflict in Ukraine (defense)
However alongside with the entire market, it has trading lower.
This is showing a good set up below Friday's lows.
Ultimate target (ideally) $400
$LMT Lockheed Martin - Breakout, Retest, Bounce Candidate$LMT Lockheed Martin - Breakout, Retest, Bounce Candidate
Assuming $440 support level holds this week, monitor for a bounce toward $500 level medium term.
Medium Term Target: $500-$520 range by Q3'22
For an options play, I am looking to go long the Sep 16 22 $450 calls going for around $25.00 currently. If I was forming a spread to limit risk I would be selling the $500 calls with the same expiration. Or you could look at a calendar spread where you sell the $450 calls with an earlier expiration.
Note: This is NOT investment advice. This is opinion only.
2022 Actual Trade LMT +18% Profits- Double cup pattern for 7-months with resistance at 380
- On 01/25/2022 LMT broke out 380 so it was the entry point
- Please note that 380 was tested as support on 02/15/2022
- 02/24/2022 Russia-Ukraine began that was the time for LMT to fly into the sky.
- LMT made a powerful move for the +18% profits
$LMT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $LMT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
