This is a great way to play the trend down and then long again on the way back up. :)
I am overall 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 .
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 .
Have a great day!
If you have a constructive comment that doesn't make you sound ignorant....feel free to comment.
With the world getting hot, I think their defense contracts will only increase in number and in size.
Looking forward more to this by end of Q1 2020.
Long term this would be great stock to hold in a portfolio....but I like options. Could do both. Long stock and Sell a Put. Double down so to speak.
I will update as we get closer. :)