LMT eyes on $515-520: Major Support zone that could form Bottom

26 nov 2024

Followup to my last idea that called the top (click).

LMT has been dropping hard after last Earnings Resport.
It has dropped into a major Support cluster of four fibs.
This should give us at least a dead-cat bounce or better.

$ 515.39 - 520.91 is the exact area of interest right now.

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Previous Analysis:

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2 dic 2024

Trade attivo

Wham Bham Thankyou Mamm

(yellow shaded area is from posting time).

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Zoom in for a closer look

Nice push from support into first resistance.
So I have closed 80% of the trade for now.
Let's see if we can get a double-bottom here.

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