Possible bullish setup on LMT Making a new idea because put the wrong symbol on the other on lol. Looks like a bull triangle could be forming on LMT, but Dividend payout is tomorrow Dec. 30th. Looking at previous payout dates the stock fluctuated $6-$8. Cautiously bullish until it breaks rising support for this triangle. Let me know what you think.
LMT
LMT.NYS_Bullish Pullback Trade_LongENTRY: 480.62
SL: 445.54
TP: 494.93
- ADX>25
- Daily RS +ve
- Daily FFI -ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout on 18 Oct 2022 from downtrend channel.
- Looks ready to test ATH.
Entry based on following:
- Pivot Point: Pullback since 8 Nov 2022 peak to near pivot level (455.31) and reacted well with rebound.
- TPB Daily VZ: Pullback from 11-16 Nov 2022 was within TPB Daily valuezone and breakout of it on 17 Nov 2022.
- Stoch RSI: Crossing up 20.
uber bullish on $LMT #LMTI am uber bullish on $LMT #LMT
I have no idea about its fundamentals or technical or what exactly this stock does. I just know that #Aladdin indicator has a buy sign on the Monthly timeframe. It is not financial advice. I usually am clueless. And I am usually very very wrong.
Lockheed Martin Bull PennantThis is a monthly chart of the defense company Lockheed Martin (LMT).
As you can see, a bull pennant is appearing.
In my experience, I have found that the most valid bull flags or pennants usually retrace back to the Golden Ratio (0.618), then bounce and continue higher (see below chart).
When this occurs, the measured move up is typically one full Fibonacci spiral from this retracement level, which usually occurs over a period of time that is about the same as the period of time it took the bull flag or pennant to form (see below chart)
The above chart suggests that LMT could climb into the 500s or as high as about 600 by the second quarter of next year. The best time to enter a trade would probably be after the seasonal volatility ends, and after a breakout occurs on some lower timeframe.
From a regression standpoint, this bull pennant formed when price rose from the mean to the 1 standard deviation, and retraced to the 0.5 standard deviation. If it pans out, the measured move may reach one full standard deviation higher (to the 1.5 standard deviations). See below chart.
To learn more about the log-linear regression channel that I used here, you can check out my prior post that described it in more detail:
Obviously, anything can happen. Not trading advice. Please do your own research and trade at your own risk. If you disagree, I welcome respectful comments and charts below.
Disclosure: I have no trade position in LMT and do not plan to open any trade at the current time.
GD Swing Short SetupBMV:GD
GD has bounced down from resistance of sell order blocks.
Relative Strengh downturn confirms.
This is setup as a swing short with a Reward to Risk of 4.
GD will recover from this reversal as this defense contractor
is in a boom sector, giving the geopolitical /macro overlay.
Also check RTX and LMT.
LMT - Similar Up ChannelsThe price movement with each channel is extremely similar
This leads me to the conclusion that price action following the channel end may also be similar
Price action after the first up channel was very bearish , therefore I can assume after the second up channel bearish movement can be considered
This is regardless of the channel being above or below the Major trend line in white
Lockheed Martin Corp - Still up over 30% in 2022On 7th March 2022, this company reached an all-time high of 479.99 USD. However, it struggled to move higher after that and started to exhibit choppy price action. Over the past few weeks, it formed a range within which it tends to move; this rectangle pattern spans between 429.32 USD and 449.58 USD. We will monitor the price action of LMT as we anticipate a breakout either to the upside or downside. If the breakout to the downside occurs, an interesting opportunity of shorting this stock may present itself as this stock is still up over 30% in 2022.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bullish. However, the trend lacks momentum. Overall, the daily time frame is neutral.
Illustration 1.01
Illustration 1.01 shows the setup for LMT with two alternative scenarios. A breakout above the short-term resistance will be bullish, while a breakout below the short-term support will be bearish.
Technical analysis - weekly time frame
Stochastic, RSI, and MACD are all bearish. DM+ and DM- are bullish. Overall, the weekly time frame is slightly bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Lockheed Martin This is a long shot as the war is not over air warfare which is the specialty of Lockheed. However, the increase of its drone manufacturing capabilities could grant it a lot of governement contracts. If Putin boosts the Ukraine conflict from Special Operation to a declaration of War, I expect a lot of upside for Lockheed; specially Drone warfare division.
$LMT Lockheed Martin - Breakout, Retest, Bounce Candidate$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.
LMT way overbought! Last time I checked the USA was not at warThis stock has surged over 30% on the Russian invasion of Ukraine. Overbought with gaps to fill. Looking for a near term correction to low $400's much lower if by some miracle this ends soon with peace!! Bought April 14th $450 puts, will add on every $20 increase in price.
LMT - Going ballistic????The defense giant is about as bullish as it gets right now. RSI is just right, price action is exciting and nearly vertical, and it's approaching all time highs. It's a good time to be an investor and a scary time if you're thinking about entering. What about day trading? Yes please.
There's a good chance that LMT will at least try to test the all time high within the next couple daily bars. Especially considering that conflicts are breaking out faster than a teenager all over the world. LMT is uniquely positioned to turn lemons into lemonade and a ton of money could get funneled into this beast.
I'm looking for some follow through from today's action, but wouldn't be surprised to see it take a breather before a serious challenge. The result of my analysis? Keep it at the top of the watchlist and set alerts for both ways. This thing can rise faster than a ballistic missile or crash just as quickly as funny looking bird planes from the early 1900s.
Example of Buy the Rumor Sell the news
Let’s look at the recent news with Ukraine. This is example is not meant to lean in any direction of morality as much as it is meant to show how news hints at the direction of the markets.
- The US and EU has been warning of possible Russian invasion since December 2021
- Biden publicly proclaimed this warning multiple times in January
When you watch the news, you can make money by asking yourself logical questions about how this will impact society, and who benefits. Then go invest in those companies.
- Golden Cross on Jan 10
- Price jumped NEARLY 20% from start of US warnings to Friday
- Moving up 5% in one 4 hour candle on Friday Feb 25
This stock has still not reached last ATH and has the potential to continue going up depending on the duration of the conflict.
On Monday, we are likely to see a small dip before the price continues moving upward.
Geopolitical risk -> Military engineering: Lockheed MartinLockheed Martin is organized around four core business areas.. Aeronautics, missiles and fire control, rotary / mission systems, and space.
With geopolitical volatility firing up, this stock should continue to do well and potentially break out here.
On a longer term scale (3 month candles) we're already seeing capital flight into the stock this quarter as it's working on a quarterly break out:
This is a slow mover and won't trade like others if there's a rebound in equities. But a conservative name to own with high probability/low volatility.