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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