LOM trade ideas
LMT breakout today cup& handleThis stock is breaking out today as it has made a new high at 333$. To be aggressive, I bought the november 332.50 call strike for 9.90 per contract (990$ invested) and looking for the stock to go from 333$ to 350$ a share. Once i am profitable of atleast 20%, im going to write a sell call to decrease my risk. if you want to play this stock, you can buy the 3x etf DFEN which has broken out to new highs. Thanks for reading
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