Bullish potential detected for LMT
Lockheed Martin Corporation BATS:LMT
Entry conditions:
(i) retracement back to potential support area of $575.20 (support level of 5th September 2024) for
LMT
, and
(ii) observation of market reaction at this potential support area noted above.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 15 day EMA (currently $568.50), or
(ii) below the rising quarterly VWAP (i.e.: $550.86), or
(iii) below the rising 200 day MA (i.e.: below $547.21).
