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  • #42661

    Ah Ong

    Hi Appreciate your view on LMT, please.



    Research Department

    Hi Mr. Ong,

    Lockheed Martin remains in a larger range market and has yet to close above US400.00 psychological resistance level. However, recent technical indicates a possible upside especially if the moving averages is able to form a golden cross. However, yesterday’s exhaustion long-legged doji indicates that we might face a slight retracement and if it does, we might be looking at a potential bullish flag. Should it gaps up above 400 tonight, then we could see the arrival testing of the major resistance zone at US$422.68-US$429.05 coming earlier. Do refer to the attached chart for more detail

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