DFEN
has shown a pattern of responding positively to conflict, this combined with an earnings event for
RTX
, $NO and
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. https://thehill.com/homenews/senate/4246548-israel-hamas-war-upends-political-calculus-for-biden-gop/
Comment:
Looks like we hit our target, and it returned to the OB as expected. This OB is now invalid and should not be considered if looking to re-enter