LDOS | high-conviction reversal setup, waiting for $147Leidos Holdings, Inc.BATS:LDOSclaykilgoCall option perspective here... Fundamentals: Leidos just delivered a strong Q2: revenue grew 7% YoY to $4.56B, including 4% organic growth, while non-GAAP EPS rose to $3.26. Free cash flow was an impressive $761M, the company booked roughly $5B of contract awards, and management raised FY26 revenue, EPS and cash-flow guidance. Growth is showing up across Defense Tech, cyber, energy infrastructure and intelligence mission support .... exactly where I want exposure. Sector strength: Defense and defense-tech remain one of the stronger structural themes in the market, supported by elevated government spending, missile defense, cyber, autonomous systems and AI-driven modernization. Recent strength across names like LMT, NOC and RTX, along with upward analyst revisions across defense, gives LDOS a favorable sector backdrop rather than forcing it to fight the tape. Technical setup: LDOS has broken its major descending trendline and reclaimed the 0.618 Fib at $140.24, while trading decisively back above the 20-day (~$115.70) and 50-day (~$129.33) moving averages. The next major confluence sits around the 0.50 Fib at $152.64 and 200-day MA near $158.25, with the 0.382 Fib at $165.03 above that. RSI is elevated around 77, so I’m deliberately refusing to chase the first breakout. My trigger: $147. Above $147, I view the prior $140–145 resistance area as meaningfully reclaimed and would look to open the Nov. $145/$160 bull call spread. 🎯 Entry: $147 confirmation 🎯 T1: $152.64 🎯 T2: $157–160 🎯 T3: $165 ⚠️ Warning: loss of $140–142 I’m willing to sacrifice the first couple dollars of upside for confirmation. If LDOS clears $147, the chart gives me a very clean path toward the 200-day MA / $160 resistance cluster.