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Analysis: #NYSE $LMT

Case 251 #Lockheed Martin Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#LMT 1/4
Chart 1
Weekly Chart: The strong breakdown lower seen in March found #support exactly on the #Fib. 0.50 at 266.11 and has since rebounded strongly and running into short term sellers positioned ahead of 403.00, .....

LMT 2/4
..... 418.10 and 430.65. A close above the latter will target 446.15 then 475/89.

LMT 3/4
Chart 2
Daily Chart: Price is currently attempting to close below the daily #SMA 200 and upside #momentum has slowed - early buying will appear at 338.45.

The #Strategy is printed on the image.

$LMT 4/4
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#NYSE #Lockheed #LMT #support #Fib #SMA #momentum #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NYSE $HSY

Case 255 #The_Hershey_Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#HSY 1/4
Chart 1
Weekly Chart: The inability to break above the all time high of 162.20 set in Sept. 2019 has led to a confirmed #double_top formation and with the break of medium term #pivot #support at 139.26 exposed the .....

HSY 2/4
..... vacuum's base at 115.95. The #SMA 20 & 50 are in #confluence with the former attempting to cut through this will target 100.80 - 96..00. The long term trend is #bullish targeting 182.00.

HSY 3/4
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malteseinvestor
@malteseinvest
Analysis: #NYSE $CVS

Case 254 #CVS Health Corporation

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#CVS 1/4
Chart 1
Monthly Chart: Price peaked at the all time high of 113.65, in July 2015, and has since then been unable to hold above 83.00 leading to a strong break lower and running into a #confluence of the #SMA 200, sloping #trendline and .....

CVS 2/4
..... #Fib 0.618 support at 51.64 - 50.16. A close below the long term trendline #support at 47.00 will target 40.80 - below the latter lies the major support zone of 32.90 - 22.60 where we expect to see strong buying interest.

CVS 3/4
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malteseinvestor
@malteseinvest
Analysis: #NYSE $BRK.B

Case 253 #Berkshire_Hathaway Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#BRK.B 1/4
Chart 1
Weekly Chart: Following the strong break/close below the 2018 trading range, in March, price quickly traded through the vacuum finding buyers positioned at the formidable 2017 #pivot - just below the #Fib. 382 (168.10). Price has since then .....

BRK.B 2/4
..... rebounded but is unable to close above the 2018 #trendline and #SMA 200 at 190.10/47 respectively. A close below 178.00 will re-target the 2017 lows, possibly setting sights on the Fib. 0.50 at 148.48 with major #support further down.

BRK.B 3/4
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