LOCKHEED MARTIN - Increased Probability of Appreciation

LMT appreciated strongly, moving away from the projected FiboClouds support within the H3 to Weekly timeframe.

This separation, observed on the Weekly chart, suggests the possibility of a correction of 2/3 of the elephant bar, indicating a better buying opportunity in the 493.00 region.

Despite the increased probability, entering at the top of the Elephant Bar is ruled out, as finding a suitable stop-loss point is not feasible within the proposed Risk Management for the trade.

If this projection is confirmed and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was opened.

In this way, the journey towards the final target will proceed with reduced risk of losses and the preservation of partial gains achieved so far.

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Beyond Technical Analysis

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