Lockheed Martin (NYSE) Trading Analysis as of 06/06/2023


The trend is, overall, ascending. The downtrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the moving lines of the Stochastic Oscillator are out of the oversold zone.

Trading idea:

Buy at the formation of the ascending wave structure.

Stop-Loss: 439.50.

Target price levels: 478.50, 490.00.

Author: GC
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