0L3H trade ideas
LHX 6 tap breakoutLHX has tested the 192 level now 5 times, looking for it to break through on the 6 time with more supply from that level being taken out. It has also posted a head/shoulders pattern. Aerospace is getting bullish again and this had a low day due to a dividend payout compared to the rest of the industry. I think this is bound to breakout to the 197-200 level.
LHX poised for a large break up or down in the next few weeksLHX currently testing resistance of a large symmetrical triangle. Current 1, 2, 3, 4, and daily stochastics pointing down so I'd expect a retest of the support line in the coming weeks at around $172/share. Targets for later this year around $271/share or $91/share.
Golden cross for #LHXNYSE:LHX
- Golden Cross taking place
- MACD Sloping up
- Bounce from 50% Fib level
- Buy @ $ 192.37
- 1st target @ $ 196.82
- 2nd target @ $ 200.32
- 3rd target @ $ 209.74
- Stop loss @ $180.00
L3Harris up for a new uptrend as it bags a $500 million deal?I believe L3Harris is poised to go up the next couple of months. Yesterday showed a high volume up bar during the pullback to the horizontal support line.
LHX long playLHX has a nice set up, ready for a swing upward. The Bollinger band is the tightest it's been for months, and other companies in this industry have been rallying nicely. I'm considering a straddle, but I honestly think LHX will be majority upside move.
Target price is $200
9/18 185 Calls
10/16 190 Calls
LHX Inverse Head and ShouldersLHX had a huge green candle for upside today, nearly taking it out of bearish territory. I think strength will continue as now it is starting to look like a inverse head/shoulders pattern with a break of the neckline at $175.
Found with help from Mitch Ray TAI listened to his stream then looked up the chart and found the patterns he was talking about. Since the stream I listened to the inverse head and shoulders completed and the 100% measured move from that would be $190. Tendies may remain elusive this is not a buy or sell reccomendation, I am not a financial advisor. I am the president of the United States of America.
LHX Long Play for Week of 7.19LHX looking like a potential swing higher trade here for the week of 7.19.
The 4hr and daily chart are indicating that we can see the stock run higher in the coming
days. It is definitely note worthy the have Friday end on a bullish volume.
Would enter the trade when a 1 hr candle closes above 172.00.
Target 1: 175.00
Target 2: 186.00
Target 3: 198.00.
Stop: 167.50
Best of Luck,
--d0x
L3 HARRIS TECHNOLOGIES now is in BUY situationHey guys, L3 HARRIS TECHNOLOGIES is a continuation of an upward trend, a goal of pull back to start rising again.
Please LIKE & FOLLOW, thank you!
$LHX Confluence zone$LHX near confluence zone between important level of volume and EMA 200. Daily chart.
LHX: An Undervalued US Company and Large Defense PlayerL3Harris Technologies (stock symbol: LHX)
Fundamentals:
(1) Its non-GAAP earnings forward guidance was raised to $10/share, which is greater than 2018's 5.70 and 2019's 7.32.
(2) Their sales and earnings are experiencing an accelerate growth 3 quarters in a row now The last two quarters sales exploded (maybe because it is now a "new" or renewed company).
(3) Insiders Dallie Bailey (director) bought 700 shares, totaling 1192 now. Director, William Brown purchased 2000 in Sept. 2020, totaling 3000 now. Insiders buy in clusters and are usualy 6 months early.
(4) LHX has increased its dividend for many years in a row now.
(5) Large players continue to accumulate this stock.
(6) Healthy cashflow
(7) 32% ROE annually
www.l3harris.com
Comment: Any trade war and anything affecting national defense may boost this stock.
Technicals:
A 4 week tight range with a suddenly break with large volume
Uptrend
Target: 260
$LHX L3 Harris Technologies Inc breakout alertEntry level $212 = Target price $234 = Stop loss $204
Bullish break from Flag/Channel
Approaching major resistance for all time highs
RSI in very strong uptrend
Momentum indicator bullish
MACD has bullishly crossed above zero line
Histogram ticking higher.
Obvious issues worldwide a stimulant to the stock
LHX Breakout All time HighsLHX has been fighting resistance at the $215 level and has tested it 4 times. The moving averages are curling up nicely under the price action and there is increasing volume on this last push. If it can breakout to all time highs i can see it running up to $227 based on its weekly chart range on breakouts.
