Inside Day w/ BOS tradeInside day with Break of Structure.
Break below previous days low.
Waited for pullback and Brought puts on continuation lower.
see 2bar reversal on 30min chart as well.
LMTD trade ideas
Lockheed Martin: Long Term view and OpportunitiesHi folks,
This is a long term investment idea on a fast growing company, focused on few key sectors which are in constant development, as Aeronautics, Missile and Fire Control, Rotary and Mission Systems, and Space Innovation.
Overall View :
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
My idea of investing on a long term view is given by actual facts: world instability, space innovation rush, strong company with strong reputation and worldwide leadership of his sector.
Please share your ideas and comments below, and thanks for reading :)
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
$LMT ~ Should we prepare for war...Correction as expected, but long-term concerns us. With things going on in Ukraine and how things are getting crazy in the South China Sea, wouldn't be surprised to see LMT to play out as expected. Keep a close eye on this one and world events.
Is $LMT oversold?$LMT has caught our eye over the weekend. After selling off a large Doji Candle has appeared upon a relatively good support level. A short term bounce can occur.
BOS TradeBreak of structure
waited for pullback on 30 min
brought puts on continuation below 30min pullback
LMT , LONG This is one I've been watching for several months or through 2022 .
I wanted to wait for a break abouve current all time high but I saw some things that I really like that justified the trade so I took it 2 min prior to close .
First of all LMT is a stock that has shown strength vs general market through 2022 which is the kind of stuff I want to be buying .
Todays price action is nice , I marked what I really like on the chart . I see volume is kind of low but we are in a range .
I have set a 1.5R derisk target near ATH which I think is reasonable . I will sell half there if sucessful and tighten stop to half , or 0.5 R initial risk .
Some points :
1) Low volume down at support , could be higher ..
2) Hammer from a few days ago .
3) Today is a bullish engulfing , that creates a higher high and eclipses 4 near-term candles to the left and was not sold at close .
4) We are in a daily range but it is a trending range since it has a major higher low mind you it also has a LH with lots of wicks so still
confusion there ... trading range price action rules BLSH ( buy
bottom 1/3 of range and sell top 1/3 ) which is basically what we are doing here only maybe buying a bit higher than we should
be, but that being said we still have a 1.5 R derisk to top of range , so reasonable .
Price action was the main justification for entry here hoping to see trend from open tomorrow / strong bulls / continuation..
$LMT Target 487$$LMT Breakout in 4h Chart on above average volume after consolidation phase - Target 487$
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA --> Check
2. Consolidation Phase in Uptrend --> Check
3. Breakout on above average Volume --> Check
BOS w/ bull flag - recapBreak of structure with bull flag
Waited for pullback on 30 min and brought calls on continuation.
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.
6/5/22 LMTLockheed Martin Corporation ( NYSE:LMT )
Sector: Electronic Technology (Aerospace & Defense)
Market Capitalization: 117.803B
Current Price: $442.69
Breakout price: $446.45
Buy Zone (Top/Bottom Range): $439.40-$426.40
Price Target: $474.40-$485.30 (3rd)
Estimated Duration to Target: 70-73d (3rd)
Contract of Interest: $LMT 9/16/22 445c
Trade price as of publish date: $21.35/contract
LMT Autumn Reversal 🔼Lockheed Martin (LMT) NYSE:LMT made a stand at long-term support of 335. Although it is beneath the long-term pennant, the bullish engulfing candle on Wednesday, September 22 indicates a potential continuation candle back inside the pennant. If this occurs, the potential for a breakout into the October 25th earnings is very likely. Not to mention, the defense sector has been lagging over the course of the last 3 months, presenting another catalyst for a bullish position.
$LMT Setting Up Around Its 50 MANo growth numbers here on $LMT but if you are looking for a technically solid setup this could fit the bill.
LMT Head & Shoulders Dump DumpNYSE:LMT
Lockheed Martin is about to confirm a H&S pattern on the daily chart.
On the weekly timeframe, it is pretty over-extended.
The Weekly MACD has crossed under the signal line, and the (not shown) Weekly RSI has exited overbought levels.
Price has broken under and retested the median line of the Schiff Fork (Purple)
A test of the lower bound of the fork around the $406 price level is locked in. (T0)
Judging by the chart pattern, I suspect that price will inevitably breakdown further to the lower targets set by the H&S pattern.
Using the light blue "Inside" Pitchfork as a path down to the lower targets, which coincide with extension levels of the purple Schiff pitchfork.
T1 = Height of the "Head" measured down from the neckline. - 2.0 Extension of the Schiff Pitchfork = $375 price level
T2 = 16% Average price decline of H&S patterns in bull markets per the Encyclopedia of Chart Patterns by Thomas N. Bulkowski. - 2.618 Extension of the Schiff Fork = $356 price level
Break of StructureBreak out of base
pull back and brought calls on continuation
Tight stops as were in a bear market
Lockheed Martin (LMT) bullish scenario:The technical figure Pennant can be found in the US company Lockheed Martin Corporation (LMT) at daily chart. Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry The Pennant has broken through the resistance line on 25/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 8 days towards 461.30 USD. Your stop loss order according to experts should be placed at 417.29 USD if you decide to enter this position.
Lockheed (LMT) Wins $31M Deal to Support F-35 Jet Program. Valued at $30.5 million, the contract is expected to be completed by April 2024. The award includes the development and delivery of F-35 pilot training device capability to support its continuous capability development and delivery plan.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long LMT in the long termAs long as the war doesn't come to a peace treaty and countries like Germany and Switzerland spending increasing budget on defence, Lockheed Martin would be churning out armaments like Javelin missiles or F35s.
LMT might retest its strong resistance zone around 390-400 as the new support, or it might continue to trade in-range till a breakout towards upside or downside. Imo there is more upside in the long term. Can watch for the next quarterly earning too.
I am long LMT in the long term.
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.
LMTOne of the few names that I think might have potential on the long side right now. Bouncing off YTD VWAP & the 100 sma today. Still consolidating at previous ath after breaking out of the downtrend in January of this year. Needs to hold here or it'll probably go back to test that $385-395 range imo.
Breakout of Symmetrical triangleBreaking the current pattern (symmetrical triangle), expecte to go down to (TP1=420/TP2=400)
BOS and BOT RECAPBreak of Structure and Break of Trendline
Break and pullbacl on 15min chart. buy puts on continuation
Profit +50%
