Lockheed Martin $LMT Elliott Wave & RRG Analysis – Why I’m Buying

By Bennett Tindle March 30, 2021

The stock of Lockheed Martin has been more-or-less in consolidation since February of 2018. It’s a name that has been in and out of my portfolio over the years, and I’m once again looking to take a position. Believe it or not, this multi-year consolidation may finally be coming to an end, with an upside resolve on the horizon. Join me as I walk you through the chart, highlighting some very interesting signs at work in the count as well as the RRG. And if my analysis is wrong, the only other logical alternative scenario has us defending the previous $320 support levels and finding an upside resolve sometime into the next quarter.

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