Will the Rectangle hold or fail? Plot your targets on the chart.
Sideways movement between parallel supports.
Bearish continuation pattern.
LMT is showing interesting structural developments at $510.95. The stock is trading at $510.95, down 4.01% on the day. Algorithmically, a Descending Triangle structure has completed. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $499.18, targeting $447.37 with support near $550.99 (R:R 1.0).
What is your outlook on LMT?