LMT 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.
Sell LMTHourly
Possible bearish two method setup
as well beaish harami last few hours of trading day
mixed signals
volatile session, very suspect
pennat, assym triangle formation
gap to retest on 3 hour
Just keep an eye on LMT,
LMT kicked ass on earnings...
How would like like to earn an extra $billi versus the street this quarter~
Profit trading
LMT Going into EarningsLMT is down over 15% from it's highs in February mostly due to Trump's trade war. The chart has formed a head and shoulders pattern, then turned down and formed a cup & handle pattern. The cup is short in length and V shaped, however, the company has been signing contracts and making new sales all the while. I believe revenue and earnings will beat expectations and the stock will rally to at least the $322-$325 range.
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".
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 $320.
DOUBLE TOP PATTERN OF LOCKHEED MARTIN CORP (LMT)DOUBLE TOP PATTERN OF LOCKHEED MARTIN CORP (LMT)
.-A and C points form the tops
.-Point D close the pattern
.-Volume is lighter and diminishing before the second peak and increases in the point C
.-The height of the top projected downward indicate the expected price in short position ($ 293,94)
.-A return back to point D is not unusual, but price must return down.
.-Simple moving average confirms the trend