Short NOC (and the Defense sector in general)
The whole Defense industry is extremely overbought in all time frames, even in monthly. Stocks are reaching important long term Fibo projections.
NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise.
Excellent risk/reward on the short side, target near $167, even $135 possibly.
NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise.
Excellent risk/reward on the short side, target near $167, even $135 possibly.