Big footprint left by big money.I believe we have a liquidity shake out where a lot of bulls will sell.
Looks like $212 or lower will be the target based on Fib Retracement
According to CCI, price is coming from overbought area.
Going to get a few Puts, not many, maybe 3 or 4. Price under $219.25 is entry
for me.
Let' see what happens.
LHXT trade ideas
Can L3Harris Redefine Defense and Space Frontiers?L3Harris Technologies stands at the crossroads of innovation and resilience, captivating investors and strategists with its bold vision. JPMorgan’s recent price target hike to $240 reflects confidence in its focus on margin expansion and cash flow, spotlighted during its investor day. Yet, this financial optimism intertwines with ambitious proposals—like doubling the EA-37B Compass Call fleet—challenging fiscal realities while addressing Indo-Pacific threats. What if a company could turn budgetary constraints into catalysts for growth? L3Harris dares to answer, blending pragmatism with a forward-leaning stance that intrigues and inspires.
On the technological front, L3Harris pushes boundaries with AI-driven autonomy and precision firepower. Its partnership with Shield AI fuses the DiSCO™ system with Hivemind software, promising real-time adaptability in electromagnetic warfare—a leap that could redefine battlefield dominance. Simultaneously, breakthroughs like long-range precision fires from VTOL platforms and rugged EO/IR systems for land missions showcase a relentless drive to equip warfighters for multi-domain challenges. Imagine a future where machines anticipate threats faster than humans can blink—L3Harris is crafting that reality, urging us to question the limits of human-machine synergy.
Beyond Earth, L3Harris powers NASA’s Artemis V with the newly assembled RS-25 engine, merging cost efficiency with cosmic ambition. This duality—mastering defense while reaching for the stars—positions the company as a paradox worth pondering. Can one entity excel in the gritty pragmatism of war and the boundless dreams of exploration? As L3Harris navigates tight budgets, evolving threats, and technological frontiers, it challenges readers to envision a world where resilience and imagination coexist, daring us to rethink what’s possible in a single corporate footprint.
L3HarrisL3Harris develops advanced technologies across air, land, sea, space, and cyber domains. ️
Some of their products and clients are:
Government clients:
1. U.S. Department of Defense (DoD): This encompasses various branches like the Navy, Army, Air Force, and Marine Corps, which rely on L3Harris for communication systems, night vision technology, electronic warfare systems, and more.
2. NASA: L3Harris has a long history of collaborating with NASA, providing spacecraft, satellites, and communication technologies for various missions.
3. Other government agencies: L3Harris also serves various federal, state, and local government agencies globally, supplying technologies for civil and public safety purposes.
Commercial clients:
1. Commercial airlines: They provide communication and navigation systems for air travel.
2. Automotive manufacturers: Their technologies are used in driver-assistance systems and other automotive applications.
3. Military aircraft manufacturers: L3Harris supplies critical components and systems for defense aircraft.
We will be looking at adding L3Harris to our portfolio if the price falls to our entry-level or at the 120-month moving average. If not, a break-out is possible and we will adjust our analysis.
2/1 Watchlist + NotesNotes: Green slow run up kinda day on SPY. Not any real crazy movement as anticipated. Expecting the same, if not worse, price action tomorrow leading up to FOMC at 2 PM Est. Gonna be watching my list below but will probably call it an early day after we hit that choppy lunch hour price action that we usually get on FOMC days. Trade safe. Dont play the news unless you can afford to gamble a bit.
Watchlist:
FRC- 3-1-1. Was on the list yesterday. Still looking strong. Calls above 140.88
META - 2U-2D-1 - Bearish pattern, but in an uptrend so this could represent a pullback before continuation. Calls above 149.88, puts below 147.52
SQ - 2U-2D-1- Same situation as META, but the monthly just finished playing out a 3-1-2. Expecting more upside soon with weekly FVG. Calls above 82.32, puts under 80.20
PEP - 2-1 daily, and 2-1-1 on weekly. Looking for upside as the weekly chart looks incredible for a reversal. Calls above 171.07
SMCI - 2-1 daily and 2-1-1 weekly. Downtrending daily leads me to hope for downside tomorrow. Still think the weekly could reverse though. Puts below 72.04
TWLO - 2-1 daily. Not my favorite setup ever but it has some room to fill still on a big daily gap. Calls above 60.26
LHX | Oversold Defense Play | BounceL3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and ship control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems. This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks. Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.
LHX - Time to Bounce?NYSE:LHX is currently at the support area, is it time to bounce or breakdown continue?
The support area is at $ 200.71 - 202.97
4H Stochastic %K is above %D and it is above the value of 50 as well.
MACD and Squeeze Momentum are in Bullish Divergence.
Yesterday is close above its Weekly Pivot, so what's next?
Current price is below Monthly Pivot, Quarterly Pivot, and the EMA200.
I'd rather wait until the price can breakout from $211.16
Disclaimer:
Writer is not responsible for any trading activity by individual who read this analysis.
Writer do not have any position in NYSE:LHX when this analysis is posted.
$LHX L3Harris Tech $218 ⏰
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