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WLinvestment
Jan 24, 2023 1:22 PM

LMT ready for one last breakout? Long

Lockheed Martin CorporationNYSE

Description

With strong earnings and potentially a final escalation in the Ukraine war, LMT could be primed for a move to the low 500's. $430 support/SL

Comment

Moving nicely, the earnings was monstrous, oddly didn't produce much of a spike. I still expect this to get legs into the high 400's, digest, then make a move for $500++

Comment

Monster move, this will breech $500 next week. I am in March 510C and Feb 500C... looking for 528, then 544... possible we go way higher as Ukraine is about to escalate significantly

Comment

Hit the resistance zone near ATH, should consolidate then fire through $500... once $495 goes it should move FAST
Comments
WLinvestment
Moving well! We should be en route to the 480~ zone in the next few days, and I believe we will conquer 500 before month-end
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