Lockheed Martin (NYSE) Trading Analysis as of 06/06/2023

#LMT
 

The trend is, overall, ascending. The downtrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the moving lines of the Stochastic Oscillator are out of the oversold zone.
 

Trading idea:

Buy at the formation of the ascending wave structure.

Stop-Loss: 439.50.

Target price levels: 478.50, 490.00.