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tradepatiently
May 4, 2023 5:50 AM

MDT Entry, Volume, Target, Stop Long

Medtronic plc.NYSE

Description

When price clears 92.39
With daily volume greater than 6.875M
Target: 109.00 area
Depending on your risk tolerance: 86.68 gets you 3/1 Risk/Reward, however I recommend your stop be a bit tighter, maybe slightly under the low (89.43) on March 2nd.
Caution: Earnings on May 25th, Resistance @ 95.60

This trade idea is not trade advice. This idea is strictly based on my ideas and technical analysis. Not due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Comment

Still watching for an entry...

Revised Target: 105 area

Comment

I won't enter before earnings.

Order cancelled

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