Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
Traders are watching Lockheed Martin (LMT) as price action tightens. Price has moved to $528.35 (1.1%) amidst recent volatility. Price action has carved out a classic Descending Triangle. The trend indicator is reading 21.7/100, suggesting moderate momentum. A potential breakout level is identified at $500.31, targeting $378.11 with support near $530.26 (R:R 4.08).
What is your outlook on LMT?