Lockheed Martin Stock: Trading Idea for 10/10/2023
The aggravated situation in the Middle East following the conflict between Israel and Hamas has fuelled investor interest in military-industrial complex companies. Shares of the aerospace company Lockheed Martin may see heightened demand since aviation is likely to play a crucial role in this unfolding scenario. Should the hostilities persist, and the US extends a defence aid package to Israel, Lockheed Martin stands to be one of the beneficiaries.
So, today, our focus is on the Lockheed Martin (NYSE: LMT) stock chart.
On the D1 timeframe, support has formed at 394.70, with resistance at 413.27, which was quickly broken through on Monday 9 October. To sustain the upward trend, quotes need to gain a foothold above the 431.84 level.
On the H1 timeframe, the short-term target for the price increase is around 454.80, while in the medium term, it could reach 475.87.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
So, today, our focus is on the Lockheed Martin (NYSE: LMT) stock chart.
On the D1 timeframe, support has formed at 394.70, with resistance at 413.27, which was quickly broken through on Monday 9 October. To sustain the upward trend, quotes need to gain a foothold above the 431.84 level.
On the H1 timeframe, the short-term target for the price increase is around 454.80, while in the medium term, it could reach 475.87.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.