LMT Pullback
I sold off some of my long term LMT holdings last week before EOY to capture some capital gains. LMT was a big winner of 2022 up over 37% and price was stalling at the All Time High.
This morning I received an alert for an opening price spike that created a critical low at 469.35. This is not a spike I would take as a reversal to go long. Rather, I am watching to see if price breaks this low to signal a breakout short.
If the short breakout triggers I would look for a pullback to the 50% Retracement of the last earnings rally around 445.
This morning I received an alert for an opening price spike that created a critical low at 469.35. This is not a spike I would take as a reversal to go long. Rather, I am watching to see if price breaks this low to signal a breakout short.
If the short breakout triggers I would look for a pullback to the 50% Retracement of the last earnings rally around 445.
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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