MDTC34 trade ideas
MDT rally to $116 areaThis literally was delivered to my brain this morning in meditation along with the numbers 87 and 116.
I don't follow this stock, however, I am familiar with the ticker. I found it very relevant that the number 87 came to me and the last swing low was at that level. I've had success in the past with receiving tickers and numbers like this. If it closes below $87, I'm wrong. I'm posting this for my journal.
FDA Approves First-Of-Its-Kind Percept™ PC Neurostimulator with MDT: Medtronic plc
2020-06-25 08:00:10
FDA Approves First-Of-Its-Kind Percept™ PC Neurostimulator with BrainSense™ Technology
MDT breaking symmetrical triangleMDT has broken out of symmetrical triangle
Disclaimer: This is not an advice to buy or sell!!
MDT Awaiting breakdownDouble top formation. Awaiting breakdown.
Disclaimer: Not a recommendation to buy or sell.
Medtronic PLC: MDTWatchlist
Price moving along with 20MA
Price narrowing
Watch for break of the upper trendline
CHANNEL BREAKOUTPreviously broke the Channel before the announcement about China last Friday. Anticipate a repeat.
MDT been following same patternMDT has been following the same pattern for a good 2 weeks so if it keeps going you could see $110 in 2 weeks.
$MDT recovering from their lossTheir fall last march 23 at $72.21 it's because of the Hospitals that are focusing more on treating COVID19 patients , companies like $MDT took it hard as mass producing their ventilators which is essential to the COVID19 patients, is not fast enough to cater everyone in need and also , the demand on their other products nosedived as hospitals focused more on the pandemic. but looking at it today at 100.56 it's like their fall didn't happen at all... looking at a bullish point of view here on out
Calling out Medtronic's BluffsOn April 6th, Medtronic announced that they will produce ventilators in Foxconn new Wisconsin plant. Stock price shot up high. Unfortunately, a bearish RSI has appeared and also Medtronic promises to keep the ventilators' price lower than normal pricing before the pandemic. What if covid-19 started to decline and the demand for ventilators rapidly decline? What will Medtronic do with all of the overproduced ventilators? Medtronic claimed to increase production to 1,000 per week by the end of June but Foxconn spokesperson didn't response on that comment. Therefore, I would call out Medtronic's bluffing to increase its stock price. It should burst soon and it will only get more ugly than before.
Calls look good hereWe traded some calls here last week but looks good for another move up. will look to enter tomorrow
Medtronic nearing long term supportNearly at major support on the weekly. Strong company and a good rebound candidate.
