Retrace to ATH Currently penetrating last zone of fib retracement. Return to all time high likely technically.
MDTC34 trade ideas
MDT - 7.71% Potential Profit - Corridor BreakoutMDT has desperately trying to rally to reach its pre-pandemic ATH for 6 months now.
The company has also published encouraging research study results - this might act as a catalyst and create momentum. The company also beat earnings estimates recently, creating an overall positive outlook on its future.
This Corridor Breakout with strong support confirmation hints that this might be the right time.
I'm planning to enter either at a Limit, in order to contain risk or to chase a run with a Stop order. The target exit is conservative, however, if it breaks through it, there is the potential to reach its ATH. If this happens, it means that I wouldn't take profit right away, but rather lead with a Trailing Stop Loss.
- Target Entry $103.50 (Buy Limit) or $105.00 (Buy Stop)
- Target Stop Loss $101.87
- Target Exit $112.81 (or $122.00)
About me
- P/L September +33.74% | August: +232.32% | Historical Win Ratio 70.59% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
$MDT - could be setting up I like $MDT and watch and analyze this stock often.
This could be one of many entries in the next few weeks or the last entry possible for a while
MDT - 5.27% Potential Profit - Corridor BreakoutKeeping the Stop Loss at circa -1% in order to preserve capital. All trades have an elevated degree of risk this week. The market can turn anytime. This doesn't mean that we need to stop trading.
Corridor broken out after a 3-month correction followed by a promising 3-month bull-run. Indicators are obviously not on our side, since we are playing the bounce.
- 3-month Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $104.90
Target Stop Loss $103.80
Target Exit $110.41
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Like where its atPerfect hold on that multi-decade bottom line. Could be a good entry after this shakeout from the election blah blah.
daily analysis of MEDTRONIC PLC Hi friends
the daily chart of this market shows with a high probability an uptrend in the next days but at the same time it is better to be vigilant of the change of direction towards the opposite please subscribe to receive more analysis
MDT crush earning. Bullish trendLooking for MDT to move up strong in the next week.
Price is perfectly within the upper Bolinger band.
Huge positive earning surprise.
MEDTRONIC is to BUY DailyHey people, MEDTRONIC is giving fakes signals of a decline in sales volume for two sessions, and is looking to turn around and start its climb again. Great likelihood of breaking with force the line which tells the story of MEDTRONIC to reach the last previous high point, we can even land in the gap to fill it only if the buyers are back in force.
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MDT showing possibilitiesMDT forming a triangle or a bullish pennant.
An inverse H&S also in play, Both patterns indicating price target of around 100.
Disclaimer: Not an advice to Sell or Buy!!
Upward trend channel brokenWe have definitely risen above the upper resistance levels which have been in place since July of 2016. Short term price action uncertain. With RSI popping above 70, we are due for a short term correction. However, with the resistance broken, we may continue upward further and come back to test the new support in a few weeks.
MDT may be buy at these levels. If one can buy now and hold for 6 months, MDT should be on that list.
Bull Flag&Breakout For Medtronic Plc Just Another Reason To LongMedtronic Plc has recently agreed to acquire all outstanding shares of spinal surgery device maker, Medicrea at €7.00/share, representing a 22% premium over Friday's closing price. This merger and acquisition has driven the share price to move up as well as giving the stock a promising future amidst the advent of second wave of the pandemic which most of the analysts foresee the economy to be worse than before.
Key Trading Plan:
Since the price has broken the trend line, wait for pull back to the support level of 94.67, and LONG the stock with the Take Profit Target of 104.88 (Key Resistance Level).
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