Bullish potential detected for LMT

Aug 9

Entry conditions:
(i) retracement back to potential support area of $575.20 (support level of 5th September 2024) for LMT, and
(ii) observation of market reaction at this potential support area noted above.

Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 15 day EMA (currently $568.50), or
(ii) below the rising quarterly VWAP (i.e.: $550.86), or
(iii) below the rising 200 day MA (i.e.: below $547.21).

Aug 16

Order cancelled

UPDATE (week ending 14-Aug): Share price continued extending past specified entry conditions (not interested in chasing the stock) - let's look for another trade instead and wish it all of the best.