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.
LOM trade ideas
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.
$LMT Lockheed Martin - Breakout, Retest, Bounce Candidate$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
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Ascending Triangle in Lockheed MartinSafe havens like consumer staples and pharmaceuticals have advanced this year as technology struggles . Defense stocks including Lockheed Martin are following a similar trajectory.
LMT broke out to new highs in late February after Russia invaded Ukraine. Notice the series of higher lows in the past month with prices sitting below the high of $480. That’s a potential bullish ascending triangle.
Next, the stock is only now breaking out above its old high from February 2020. In other words, it was neglected for two years during the pandemic, but is now gaining strength as other areas fade. Are tech sellers rotating into the sector? (Peers like Raytheon, Northrup Grumman , General Dynamics, and L3Harris Technologies have similar charts – another sign of broader portfolio shifts .)
Finally, LMT’s 50-day simple moving average (SMA) rose above its 200-day SMA in early February: a potentially bullish “golden cross.”
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LMT to MOON!!!LMT will surely go to 600-700 mark range since the war between Ukraine and Russia is spicing up day by day. Even though America is not directly involed in the war, America still supplies weapons to Ukraine. This war is just a beginning to much bigger war. So be prepared.
Chaos brings opportunity. USE THIS OPPORTUNITY BEFORE ITS TOO LATE.
LMT, Almost entered today but will wait for price first ....I think that as a theme LMT and related stocks should probably do pretty well going forward . The Ukraine situation will likely act as a justification to increase military and defense purchases which will be good for LMT's sales and net margin.
I was going to enter this today , and it was on my list for a while , I waited for this PB setup and wedge pop but with additional review of the chart , I decided to wait and let LMT's price prove me right first and then I can enter after .
I want to see it break its current 52 week high again and live above it for a bit , then I will catch it open a subsequent pullback or BO setup of some form . I think it def has potential but I'm going to be patient with it , who knows maybe it will prove me wrong too .