LMT trade ideas
LMTwe have two senario:
if the market forcefully breaks the 0.78 fibo level there will be a probability of going towards the 0.61 fibo level.
and if the market breaks level 1 fibo with force there will be a probability of going up more.
if you liked this idea or have your opinion on it, write in the comments.
DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
Sell LOCKHEED MARTIN [$NYSE: LMT] | 5.3.2020 | Eric ChoeI'd appreciate a like and comment to encourage engagement across our community.
My name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
Lockheed Martin $LMT#LockheedMartin is just above 50SMA and holds on fib 0.618. However, the last 3 candles look slippery
LMT LOWER SWING HIGHFor confirmation of trend needs to close below, previous demand area, to enter short
Volatility Trade - Short LMTTrade log -
Short
Open - 356.48
Stop - 388.22
Invalid setup close - Price close above 381.11
Trail trigger - 335.32 Price to close above this level
$LMT $BAMarket Cap comparison BA/LMT - interesting as BA now has a smaller market cap than TGT or SBUX
People are lining up to buy guns follow LOCKHEED MARTIN CORP People are lining up to buy guns because they're afraid they'll be looted amid the coronavirus crisis
People in the US are stockpiling guns and ammunition amid the coronavirus crisis.
Some say they are afraid that as businesses are forced to close, looters will start emerging.
have you ever trade on LOCKHEED MARTIN CORP, is it a flop or fly?
Sikorsky Receives Second Contract to Build Presidential HelicoptLMT: Lockheed Martin Corporation
2020-02-20 16:04:00
Sikorsky Receives Second Contract to Build Presidential Helicopters
Lochheed Martin Next setup
Previous trade worked perfectly.
Despite earnings beat today, the stock is overbought so further upside limited.
$457 looks like maximum upside before a pullback
LMT impacted by USA and IRANThe USA recently said that if there is another American citizen killed, they will attack the general who took over for Qassem Solamani. ALL defence stock will fly upwards if this occurs.
LMT Outlook set for higher prices above fib extension.Due to the recent geopolitical risks, defence stocks in general, are worth keeping an eye on, this is one of them!
$LMT Lockheed Martin Breaking out Possible entry $401.50 at the open with a upside target of $434 to fibonacci resistance.
The stock has already began to break out so the recent developments should ignite a sustained rally.
Market Review - Sunday, 08 December 2019MMC, AJG, SO, OMC, EIX, AFL, APD, AZN, D, GPC, HEI, LMT, MAA, TJX
LMT - Pattern Failure Feb-March 2020 - Another OneTHIS IS NOT READY FOR SHORTS/PUTS YET. I WILL UPDATE WHEN I ENTER
This is a great way to play the trend down and then long again on the way back up. :)
I am overall bullish on LMT and their business model. But this chart says it's due for a correction.
There is a series of charts I am finding with patterns which end mid-2020 which also coincides with 2yr/20yr inversion anniversary (March 2019).
Lockheed Martin has a fairly repeatable pattern here.
Longer term chart shows similar pattern, although these last two were very similar.
The pattern needs to be analyzed closer when the time comes to enter.
I will be looking to enter at failure of the current yellow wedge.
I expect this to be around February or March 2020. I will update the chart at this time.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, ROKU and AAPL.
