LMT ready for breakout or double top?
LMT has shown strength in the past week despite the choppiness in the market. However, with the negative divergence in the RSI, and anemic volume, I would be careful to see whether if this is a double top or if it can gather enough momentum to make new highs.
I would go long above 108.55 only if I see volume expansion, but would not short until it breaks the ascending trendline.
I would go long above 108.55 only if I see volume expansion, but would not short until it breaks the ascending trendline.
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