Earnings Play for LMT
1) Under all EMA's except the 200.
2) Approaching trend line with selling pressure
3) Lower High formed in most recent movement
I would be short on this with caution of the 200ema Target of 473 for tomorrow based off point of control of volume profile
1) Under all EMA's except the 200.
2) Approaching trend line with selling pressure
3) Lower High formed in most recent movement
I would be short on this with caution of the 200ema Target of 473 for tomorrow based off point of control of volume profile
Comment:
This is why I dont play earnings! This thing ripped today! I was totally wrong on this one Whoops
Comment:
Would of went thru some pain here, but ultimately this play would have worked out. I was just early on the short. I would classify this as a textbook "Fakeout"