I am waiting at last week's high to buy if an opportunity arises. LMT has been accumulating for a long and underperformed SP500 big way over the long term. In the short to mid-term, LMT is catching up quickly and can grow beyond.
On the daily timeframe, it is clear that the two last red candles were just a test for if we can hold the current price above the accumulation range. It looks like this:
Regardless of technicals, Ukraine Twitter appears to have been full of photo-evidence of heavy weapons being moved to the borders with Lugansk and Donbas over the last two months. I will leave this without further comment.
On the daily timeframe, it is clear that the two last red candles were just a test for if we can hold the current price above the accumulation range. It looks like this:
Regardless of technicals, Ukraine Twitter appears to have been full of photo-evidence of heavy weapons being moved to the borders with Lugansk and Donbas over the last two months. I will leave this without further comment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.