This handcrafted idea using Advanced Fibonacci Tools beholds 6 of the largest War Mongering "Defence" contractors.
( Raytheon, Boeing, Lockheed Martin, Northrop Grumman, General Dynamics, L3 Harris Tech )
These Fibonacci Schematics show all price manipulation of Support and Resistance. I've started the timeline at 1999 for many reasons. One being the already...
Very nice looking setup in $GD here, likely correlated to oil stocks here as a big chunk of their revenue proceeds from their marine division (and oil tankers).
Overall a nice play considering macro here.
Best of luck!
Cheers,
Ivan Labrie.
Supposedly the earnings whisper number is better than expected, I am convinced industrials stand to benefit with war, like it or not. We have just had a nice gap fill down on a pull back leaving a gap above. Will earnings and sentiment help take us to the upside? We have buyers coming in with significant strength.
I have never looked at Boeing until today, when I saw some guy posting ideas about it while I was having lunch and I didn't even recognize the ticker, and so I took a look at it, and was surprised to see what I found.
In considering this company, I completely understand that they've had problems with their planes, and big ones. But I have also said that I do not...
