AMEX:DFEN has shown a pattern of responding positively to conflict, this combined with an earnings event for NYSE:RTX , $NO and NYSE:BA could prove to bring significant upside. 3 Bearish imbalances that need to be filled, PT1 at $16.82, PT2 at $18.12, OB at $20.11. I am bullish on defense earnings due to the conflict in Ukraine. thehill.com
I think that the dip is very buyable. Fundamentally, Russia has made the world more dangerous. Shipments of weapons to Ukraine have depleted US and European stockpiles. NATO is in a growth mode as proposed by former president Trump some years ago. While many would like less defense spending and shift it into social spending or infrastructure or clean...
Direxion Daily Aerospace & Defense Bull 3X Shares forms bullish "Upside Breakout" chart pattern "Upside Breakout" chart pattern formed on Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN:NYSE). This bullish signal indicates that the stock price may rise from the close of $21.91 to the range of $24.60 - $25.20. The pattern formed over 50 days which is...
DFEN 100 MA was resistance, but now appears to be support. I anticipate continuance of uptrend.
In this update we review the recent price action in DFEN and identify a high probability trading pattern and price objectives to target.
Ascending Triangle formed after a period of correction. The run should resume and price to hit the resistance line. Keeping the Stop Loss very tight. Consider lowering it to $22.81 if you don't have much risk exposure in your current trading portfolio. - Target Entry: $23.50 - Target Stop Loss: $23.20 - Target Exit: $26.90 - Risk / Reward Ratio: 11.33 About...
DFEN breakout given recent news and political situation. Mostly for personal use
This week. look into this one for break of resitance to $14 $BA $RTX AMEX:DFEN
AMEX:DFEN is going up this week. 100% sure
3x Aerospace & Defense ETF Increase in volume w/ bullish divergence. This is our play of the week for the week of 7/20.
Trade Type: Long (Bullish) Trading Strategies: Buy actual shares | Covered Calls | Put Selling. Target Price: $38.90 + Time Frame: 1- 4 months.
DFEN has gained stability and is looking to break the short term trend. I believe it will break north in its current triangle and go on to test the longterm trend line around $11.80.
For assessing earnings forecasts, I use the Zacks "Price and Consensus" chart. The charts for Boeing, Lockheed-Martin, and Raytheon all show that they got big upgrades of their earnings forecasts last not. I should caution that I have no idea WHY analysts upgraded these aerospace companies' earnings. Maybe it's related to the Trump space force or geopolitical...