LMT - Pattern Failure Feb-March 2020 - Another One
THIS IS NOT READY FOR SHORTS/PUTS YET. I WILL UPDATE WHEN I ENTER
This is a great way to play the trend down and then long again on the way back up. :)
I am overall bullish on LMT and their business model. But this chart says it's due for a correction.
There is a series of charts I am finding with patterns which end mid-2020 which also coincides with 2yr/20yr inversion anniversary (March 2019).
Lockheed Martin has a fairly repeatable pattern here.
Longer term chart shows similar pattern, although these last two were very similar.
The pattern needs to be analyzed closer when the time comes to enter.
I will be looking to enter at failure of the current yellow wedge.
I expect this to be around February or March 2020. I will update the chart at this time.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, ROKU and AAPL.
This is a great way to play the trend down and then long again on the way back up. :)
I am overall bullish on LMT and their business model. But this chart says it's due for a correction.
There is a series of charts I am finding with patterns which end mid-2020 which also coincides with 2yr/20yr inversion anniversary (March 2019).
Lockheed Martin has a fairly repeatable pattern here.
Longer term chart shows similar pattern, although these last two were very similar.
The pattern needs to be analyzed closer when the time comes to enter.
I will be looking to enter at failure of the current yellow wedge.
I expect this to be around February or March 2020. I will update the chart at this time.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, ROKU and AAPL.