LMT, Almost entered today but will wait for price first ....
I think that as a theme LMT and related stocks should probably do pretty well going forward . The Ukraine situation will likely act as a justification to increase military and defense purchases which will be good for LMT's sales and net margin.
I was going to enter this today , and it was on my list for a while , I waited for this PB setup and wedge pop but with additional review of the chart , I decided to wait and let LMT's price prove me right first and then I can enter after .
I want to see it break its current 52 week high again and live above it for a bit , then I will catch it open a subsequent pullback or BO setup of some form . I think it def has potential but I'm going to be patient with it , who knows maybe it will prove me wrong too .
I was going to enter this today , and it was on my list for a while , I waited for this PB setup and wedge pop but with additional review of the chart , I decided to wait and let LMT's price prove me right first and then I can enter after .
I want to see it break its current 52 week high again and live above it for a bit , then I will catch it open a subsequent pullback or BO setup of some form . I think it def has potential but I'm going to be patient with it , who knows maybe it will prove me wrong too .
艾力克~
