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p4917

Take-off for Lockheed Martin?

Long
Lockheed Martin Corporation (NYSE:LMT)  
p4917 Updated   
NYSE:LMT   Lockheed Martin Corporation
Support and Resistance Fibonacci Moving Averages speculativebuy speculativelong speculativelongtrade LONG longtrade tradinglong risingstocks defensestocks militarydefense
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supportandresistance fibonacci movingaverage speculativebuy speculativelong speculativelongtrade long longtrade tradinglong risingstocks defensestocks militarydefense
Speculative long trade. Price is being supported by
  • SMA 30 + 50 and EMA 50
  • 50% fib retracement
  • prior local high
  • seasonality is rather bullish in the 1st half of this year
  • global situation seems to demand rather the products by LMT
Comment:
I have lowered the TP as indicated. Not that the ATH doesn't get challenged, but my strategy involves a faster money turnover.

snapshot
Trade closed: target reached:
Take profit reached at 488.89 USD
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