$LMT: The Stock Has Been Distributed

My last post on Lockheed was here. From that post, the stock did not stay elevated enough to resemble the fours and fives I had been hoping to see, another clue that we’re not in good times. Furthermore, it has challenged its long-term rising channel, and another selloff will have it leave that structure.

It may now best be seen as a pattern of distribution (there are many out there), and the next immediate target is the lower green trend line which will inevitably fail at some point.


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