Hi Traders!
Let's look at LMT on the daily chart. The price has formed the Head and Shoulders pattern. From here we expect the price to fall. We would enter short when the price breaks the neckline of the pattern. If the price reaches higher than the shoulder's top, the trade would be invalidated.
What do you think?
According to market behaviour, LMT has been rising sharply on the one hour, five hours, daily, weekly, and monthly charts. Technical analysis indicates that the next target will $256, and if it crosses that level and closes above successfully, the next target for the market will be $462.
Italian Translated:
Secondo il comportamento del mercato, l’LMT è in forte...
After this weeks F-35 crash i anticipate a massive decline in the price of lockheed martin.
Right now when considering options trades I am looking at these
$415 Strike price - October 06 - Current price $1.70
$405 Strike Price - December 15 - Current price $6.00
What An eventful past month we have had with Lockheed Martin, First we shorted it down from the 430's to the low 400's, Now I believe we are getting the opportunity to buy stocks/ Call options on the way up thanks to the Israeli-Palestinian conflict. We will likely Run up to the 420's this week.
Will post my updated options calls as we get closer to market open...
if we can manaage to break through all is well but if we reject this is a sell signal although i belive either way will take another week toy show itself support is at 407 this is a buy zone 10% down from here
Disclaimer: I am in no way condoning violence, nor support either side of any conflict. This will be an analysis of NYSE:LMT alone. With that being said let's dive in.
Introduction
We all heard the breaking news, as of October 7th, 2023 Israel and Palestine are officially at war with each other creating tension around the globe. Now I know you probably...
LMT, after Double Topping at the PCZ of a Bearish Deep Crab, has decided to attempt to finish off this bearish range with a Bearish 5-0, if successful, we could see LMT push significantly below $400.
Neutral to Long: The company's fundamentals and dividend history are strong, suggesting a potential long position. However, the recent underperformance (negative YTD return) and the volatility might be a concern, which introduces some caution, hence the neutral stance.
Fundamentals:
Market Cap: $110.91 billion
Operating Margin (TTM): 13.43%
EPS...
Lockheed Martin Q3 earnings are tomorrow 10/17/23 at 7:30am EST. Lockheed Martin (LMT) reported earnings of 6.73 per share on revenue of 16.69 billion for Q2 June 2023. The consensus earnings estimate was 6.43 per share on revenue of 15.86 billion. The company beat expectations by 1.36% while revenue grew 8.07% on a year-over-year basis.
The company said it...
LMT is set for take off based on Elliot Wave analysis showing the 3rd wave just starting from a reliable source (MarketScriptors) and bearish divergence weakening. The Kurotoga Cloud also shows that we are just now bouncing off of support and will be testing new resistance levels.
Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics...
Earnings 10-17 BMO.
A descending triangle is neutral until broken. Any triangle, symmetrical, descending or ascending can break either way.
Gap below price.
Price is at resistance with earnings very soon.
No telling how earnings will affect momentum with recent new events pushing the defense sector up as of late.
No recommendation
As I said on NOC, War in the middle east you say? yeah, this is thousands of years old no news here, go back to your regularly scheduled program. LMT and NOC and others are way overbought here and due a correction. Major overhead resistance at $456 I doubt it makes it there without first testing $425 then $418
nice pop higher yesterday but at a cluster resistance here and dangerous to take a long here in my opinion..
trend support = resistance/pivot level rejection/trend resistance zone/rsi trend resistance
looking for dip to 389-420 before any move higher 🎯
Lockheed Martin has provided investors with great investment opportunities in times of war. If we compare price action and volume when Russia invaded Ukraine and when Palestine invaded Israel, Lockheed Martin has a lot of room for the upside.
The aggravated situation in the Middle East following the conflict between Israel and Hamas has fuelled investor interest in military-industrial complex companies. Shares of the aerospace company Lockheed Martin may see heightened demand since aviation is likely to play a crucial role in this unfolding scenario. Should the hostilities persist, and the US extends a...
Lockheed Martin Corporation - 30d expiry - We look to Buy at 448.25 (stop at 438.25)
Prices have reacted from 442.30.
Support is located at 447 and should stem dips to this area.
443 continues to hold back the bears.
The primary trend remains bullish.
This stock has seen good sales growth.
Price action was confined to a narrow range highlighting the lack of...
