LMT eyes on $515-520: Major Support zone that could form Bottom
Updated
Followup to my last idea that called the top (click).
LMT has been dropping hard after last Earnings Resport.
It has dropped into a major Support cluster of four fibs.
This should give us at least a dead-cat bounce or better.
$ 515.39 - 520.91 is the exact area of interest right now.
==================================================================
Previous Analysis:
==================================================================
LMT has been dropping hard after last Earnings Resport.
It has dropped into a major Support cluster of four fibs.
This should give us at least a dead-cat bounce or better.
$ 515.39 - 520.91 is the exact area of interest right now.
==================================================================
Previous Analysis:
==================================================================
Trade active
Wham Bham Thankyou Mamm
(yellow shaded area is from posting time).
.
Zoom in for a closer look
Nice push from support into first resistance.
So I have closed 80% of the trade for now.
Let's see if we can get a double-bottom here.
==================================================================
.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.