Hidden bull with major price move coming. New support channel
Holding MDT for many years now and took very little profit during the last bull market. This is one of those assets that truly makes a portfolio grow when these hidden bulls show presence.
The market trend created a new supporting channel wedging a large gap of support from the previous channel and provides much support for those who are watching this market. Retracements technically suggested a market price of 120.00 but that is ridiculous. I hypothesized that a large volume rally will happen filling the supporting wedge between 1.50 and .50 just before the 2024 bull market and i give conservative all time high prediction on this chart of 23.50 at the peak of the bull market 2024 - 2025. Please leave comments below if you have any suggestions to my prediction or support it thanks.
The market trend created a new supporting channel wedging a large gap of support from the previous channel and provides much support for those who are watching this market. Retracements technically suggested a market price of 120.00 but that is ridiculous. I hypothesized that a large volume rally will happen filling the supporting wedge between 1.50 and .50 just before the 2024 bull market and i give conservative all time high prediction on this chart of 23.50 at the peak of the bull market 2024 - 2025. Please leave comments below if you have any suggestions to my prediction or support it thanks.