$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.


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

Leave a Reply

Your email address will not be published. Required fields are marked *