Possible stop under C or recent pocket pivot.
NOC broke the resistance of the prior gap down. More resistance overhead at tops of long candle wicks. There is a long legged doji and 2 shooting stars up there.
The bottom of today's candle is sitting on the 50 SMA/orange. Longer term moving averages are sloping up. The 20 needs some work/blue/and is sloping down and trying to cut down through the 50. Moving averages are lagging indicators.
William's alligator which is comprised of shorter term moving averages is pointing up and is becoming untangled.
Larger white numbers are targets one and the smaller are targets 2. Targets 2 are longer term and may or may not be reached. It is also possible targets one will not be reached as all one can do is make an educated guess. This chart is just an observation and not a recommendation. I wish I knew for sure (o:
NOC is not oversold of overbought on RSI. CMF is positive. Short percent is under 1%.
LMT is in a cup and handle pattern with long entry at 397.10 and targets are 424.60 and 442.
"The investor’s chief problem – and even his worst enemy – is likely to be himself." ~ Benjamin Graham
NOC broke the resistance of the prior gap down. More resistance overhead at tops of long candle wicks. There is a long legged doji and 2 shooting stars up there.
The bottom of today's candle is sitting on the 50 SMA/orange. Longer term moving averages are sloping up. The 20 needs some work/blue/and is sloping down and trying to cut down through the 50. Moving averages are lagging indicators.
William's alligator which is comprised of shorter term moving averages is pointing up and is becoming untangled.
Larger white numbers are targets one and the smaller are targets 2. Targets 2 are longer term and may or may not be reached. It is also possible targets one will not be reached as all one can do is make an educated guess. This chart is just an observation and not a recommendation. I wish I knew for sure (o:
NOC is not oversold of overbought on RSI. CMF is positive. Short percent is under 1%.
LMT is in a cup and handle pattern with long entry at 397.10 and targets are 424.60 and 442.
"The investor’s chief problem – and even his worst enemy – is likely to be himself." ~ Benjamin Graham
Comment:
I am wondering if Russia invading Ukraine is just propaganda. Call me crazy!