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jawm42
Aug 21, 2019 5:06 AM

Upward trend channel broken Long

Medtronic plc.NYSE

Description

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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