LMT Lockhead Martin ripping higher- but beware

Log scale monthly
Trend channel from the early 2000's, cloned and stacked on top to form 2nsd channel

strong bullish candle in October, with weak follow in Nov and so far this month of Dec 2022. We're at the top of the channel. Technically is a higher probability short since we have 5 waves up from the low in Jan 2021.
Near-term:
Target would be Fib 13 at $441

Long-term:
Higher target is Fib 21 at $698 Near Mar 2026
Lower Target is Fib 8 at $280

If we see price slowly trend higher over the next few months, we may be starting a new channel