ITA - Defense ET

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  • Broke out of falling wedge around 109 and is moving well in the supply zone.
  • With two wars, geopolitical risks are high and this could play out as a good hedge.
  • First target would be around 117. New pivot there might set this up for higher price.
    * I am long from 109.50
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Working nicely off of Weekly 200 bounce and holding well near ATH. Likely to shoot higher above 180.
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