LMT eyes on $515-520: Major Support zone that could form Bottom
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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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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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Trade attivo
Wham Bham Thankyou Mamm
(yellow shaded area is from posting time).
.
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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