DOUBLE TOP PATTERN OF LOCKHEED MARTIN CORP (LMT)
.-A and C points form the tops
.-Point D close the pattern
.-Volume is lighter and diminishing before the second peak and increases in the point C
.-The height of the top projected downward indicate the expected price in short position ($ 293,94)
.-A return back to point D is not unusual, but price must return down.
.-Simple moving average confirms the trend
.-A and C points form the tops
.-Point D close the pattern
.-Volume is lighter and diminishing before the second peak and increases in the point C
.-The height of the top projected downward indicate the expected price in short position ($ 293,94)
.-A return back to point D is not unusual, but price must return down.
.-Simple moving average confirms the trend