Earnings analysis on LMT.
If LMT forms a few bullish candles before earnings (specifically - the day before) and LMT gaps up large, should be a fade on the day trade and a few preceding days.
If LMT gaps down, but opens above $235 this bullish power trend should remain (Long term)
I do see a nice pivot around 247.49 if LMT opened below there for the day trade, might be nice. Only time will tell, but this thing is a rocket. Hard to fight the trend.
The chart below are the fibs from a few months back. Tgt 1 hit today
If LMT forms a few bullish candles before earnings (specifically - the day before) and LMT gaps up large, should be a fade on the day trade and a few preceding days.
If LMT gaps down, but opens above $235 this bullish power trend should remain (Long term)
I do see a nice pivot around 247.49 if LMT opened below there for the day trade, might be nice. Only time will tell, but this thing is a rocket. Hard to fight the trend.
The chart below are the fibs from a few months back. Tgt 1 hit today
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