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MEDTRONIC PLC USD0.0001MEDTRONIC PLC USD0.0001MEDTRONIC PLC USD0.0001

MEDTRONIC PLC USD0.0001

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0Y6X 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
NYSE:MDTLong
by maschera
2
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.
NYSE:MDTLong
by maschera
2