jawm42

Upward trend channel broken

Long
jawm42 Updated   
NYSE:MDT   Medtronic plc.
We 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.
Comment:
Haven't really been following this one but it seems to have returned to oscillating in the channel. Possible opportunity for new ATH?
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