LMT trade ideas
LMT Tripple TopHello Traders,
Points to consider,
- Possible right shoulder forming if this is the local top, confirming an inverse head and shoulders
- A retracement to golden fin lines is highly probable
- Lower highs on the RSI
LMT can also have a blue sky breakout if this triple top does not play
What are your thoughts ?
Show me the charts, I'll tell you the news: Iran - US warLockheed Martin stock has often been a leading indicator to significant military escalations involving the United States. Now at the brink of a breakout, we could be dangerously close to a major geopolitical disaster.
My moral compass prevents me from profiting off of humanitarian tragedy and the blood of innocent human beings that will be spilled as collateral damage due to the actions of two arrogant regimes. So I will not be investing in this stock given the circumstances but I can't help but wonder how much John Bolton and Mike Pompeo and war hawks alike secretly own.
LMT BreakoutLMT has now tested upward resistance 4 times, each time the resistance weakens and the price action is more likely to breakout There has recently been a breakaway gap in the stock. I'm looking for another gap over resistance to create a runaway gap. Target 1 will be first layer of resistance and Target 2 will reach resistance at all time highs. Setting stop loss
$LMT Getting a little tired, good entry point on any pullback.As the world becomes more and more hostile , weaponization has intensified, in particular the middle east nations, seemingly unable to have a good relationship with any neighbours. Add to that the pressure Mr Trump has put on such countries to buy from American suppliers, the future of NYSE:LMT is very bright. Within the new pipeline is the new DEFIANT helicopter which is designed to fly at twice the speed and distance of conventional competitors, it really will revolutionise that sector of the industry. Such new developments just add to the very long order book for LMT products.
THIS COULD BE A SIGN OF WARYou won't find much on this in traditional mainstream media outlets. They're usually late. Events unfolding in relation to the Strait of Hormuz are either hotting up or have already happened.
I've been tracking LMT for some time. I couldn't understand the sudden pulse on daily shares on 23rd April. I had wondered if it meant war started but nothing was in the mainstream media. What does LMT produce? Who fund them? Read up!
Well...well, the chatter come out of that region through non-traditional channels is that something is happening on the ground.
Then strangely yesterday I spotted moves on the eastern and western markets suggesting an about turn - across forex and market indices. You wouldn't have seen that unless you were looking across 10 min time frames.
What's next? Well I'm not a news channel. So, get going and do your own research. This is about systematic risk.
Golden week isn't over yet. Strangely the Yen is powering up madly and AUD is buckling. Think - outside 'the box'.
This post is speculative and may be totally wrong. Do not make financial decisions based on this. But you could get prepared if you find sufficient evidence. Getting prepared is about the biggest thing in trading.
$LMT Cant keep up with demand, what a great problem.Lockheed Martin simply have products that it can not get off the production line quick enough to meet demand. This gives the company enormous pricing power which is great news for investors. Unfortunately the hostile scenarios around the world between so many nations will ensure that demand will continue if not increase well into the future. This stock presents many morale questions for investors, whom battle with the ramifications of the utilization of these deadly products.