LDO runs higher off the back of defence stock fervour.A snippet from ForexTraderPaul's YT Channel Monday Market Update #211: Greenland is cold whilst Defence Stocks are hot.
Back in Nov/Dec of last year price across many European defence companies had fallen back to the weekly 50MA (red MA on my chart) on the back of rumours of a Ukrainian Peace deal.
Leonardo S.P.A.
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0.99 USD
1.16 B USD
19.21 B USD
About Leonardo SpA
Sector
Industry
CEO
Roberto Cingolani
Website
Headquarters
Rome
Founded
1948
IPO date
Jan 1, 1992
Identifiers
3
ISIN US52660W1018
Leonardo SpA engages in the aerospace, defense and security sectors. It operates through the following segments: Helicopters, Defense and Security Electronics; Aeronautics, Space, Defense Systems, and Other Activities. The Helicopters segment designs commercial and military rotorcrafts. The Defense and Security Electronics segment engages in the information management, sensors, and systems integration business, as well as delivers systems for critical missions, military sustainment requirements, and homeland security. The Aeronautics segment produces complete tactical airlifters, combat aircraft, and unmanned air vehicles for both civil and military applications. The Space segment develops satellite systems for navigation, telecommunications, meteorology, environmental monitoring, defense, scientific missions, and earth observation. The Defense Systems segment produces missile systems, torpedoes, naval artillery, and armored vehicles. The Other Activities segment includes financial support, real estate holdings, machinery, and plants for processing aluminum and steel products, contracting services for electricity generation, and primary aluminum production. The company was founded on March 18, 1948 and is headquartered in Rome, Italy.
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Leonardo Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Leonardo Stock Quote
- Double Formation
* (Uptrend Argument)) | Completed Survey
* 25.00 EUR | Area Of Value | Subdivision 1
- Triple Formation
* Trend Line Mark Up | Area at 22.00 E
LDO Leonardo doing its thangWell, sometimes it helps to realize mistakes by adding some notes.
Just quoting one of my fellow followers here in the bubble who got tricked on that 10% bump.
But lets look at the chart, we see nothing has changed since the initial plan.
Probably will retrace to 1.272-1.618 level before crushing
LDO Dont get fooledSpecial Request from one of my fellow followers again:
1) Dont get fooled by a 10% pump
2) Broke the neckline in 2021
3) Just now failed to reclaim it by a drop below and a backtest
Price action since the 2021 low fully corrective in a crystal clear 3-3-5 pattern (just confirmed by breaking 8.02)
LDO Leonardo: War over?Special request for one of my fellow followers LDO Leonardo
Has been in a bloody downtrend for over 20 years (!)
Lets look at the chart: We are expecting a big ABC correction where as the C wave possibly could have been completed at the yellow arrow but that would be very much truncated.
The rece
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An aggregate view of professional's ratings.
Neutral
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