Lockheed Martin, F22 going for a a landing correction

٦ سبتمبر ٢٠١٩

LMT has been a raging bull for a period of time and based on the technicals, the stock is believed to be heading into a bearish correction towards the indicated support level.

-Rising wedge formation
- Bearish engulfing at the TOP of the trend
- Stochastic overbought
- RSI bearish divergence

١١ سبتمبر ٢٠١٩

ملاحظة

Lockheed Martin has indeed reach our short sell target price at the support level. Timely rejection of support is evident that LMT is still heading for long term bullish.