BBTrader29

LMT Breakout

Long
BBTrader29 Updated   
NYSE:LMT   Lockheed Martin Corporation
LMT has now tested upward resistance 4 times, each time the resistance weakens and the price action is more likely to breakout There has recently been a breakaway gap in the stock. I'm looking for another gap over resistance to create a runaway gap. Target 1 will be first layer of resistance and Target 2 will reach resistance at all time highs. Setting stop loss
Trade closed: target reached
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.