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Lmtidea

Buying LMT at current support.Lockheed Martin Corporation - 30d expiry - We look to Buy at 448.25 (stop at 438.25) 447 continues to hold back the bears. Support is located at 447 and should stem dips to this area. We look to buy dips. The primary trend remains bullish. This stock has seen good sales growth. Expect trading to remain mixed and volatile. Our profit targets will be 473.25 and 478.25 Resistance: 458.00 / 467.00 / 475.00 Support: 447.00 / 443.00 / 439.70 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:LMTLong
by VantageMarkets
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.
NYSE:LMT
by SpyMasterTrades
13
LMT: Firing all the way up?Lockheed Martin Corporation Shortterm - We look to Buy at 423.15 (stop at 403.98) Price action looks to be forming a bullish flag/pennant. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to buy into dips close to the 423.00 level. The bias is to break to the upside. Our profit targets will be 479.96 and 500.00 Resistance: 445.00 / 480.00 / 550.00 Support: 408.00 / 370..00 / 260.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre ’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:LMTLong
by VantageMarkets
1