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LOCKHEED MARTIN CORP COM STK USD1LL

LOCKHEED MARTIN CORP COM STK USD1

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0R3E trade ideas

$LMT Inverted H&S on Daily$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.
NLong
by Triple_Barrel_Capital
1
Lockheed Martin Corporation.Hello Traders. Glad to present LMT priceaction forecast near future through EWA/EWP. Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. Join us! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
NLong
by POWERFUL_TRADERS
LMT - crushed by massive Defense sell-offThe last time I published an idea on Lockheed, I had a price target of $360. That target was hit very briefly before a massive Defense sell-off. BA, LMT, NOC, RTN all announced earnings recently and were all hit hard. LMT is approaching oversold territory (some may argue that it is already in) according to RSI - something we've not seen since the end of 2016. This is a good short-term long opportunity. My target will be $320.
NLong
by dvdgege5