Multiple bottoms with stochastic divergence. Looking for a move up in price before entry at 83.85. Stop is set to 82.75. Looking for a target of 86.00 - 88.00
Multiple bottoms with stochastic divergence. Looking for a move up in price before entry at 83.85. Stop is set to 82.75. Looking for a target of 86.00 - 88.00.
higher time frame is in channel range uptrend looking to breakout strong
mid time frame is showing positive price action- showing higher highs and higher lows along trend line
rising rsi and positive volume pressure-trading above value area showing strong momentum
lower time frame is showing price action showing uptrend with weak correctives moves meaning bulls in...
MDT has a fresh down move that was supported at $72.30. The area of support encompasses previous price action the weekly 200sma. Currently, prices have made the first leg of a 2 leg retracement with a 2nd leg in the $77-$78 price level.
The concern with this trade is the bounce off 200sma and previous support may drive prices beyond the $79.50 level of...
MDT broke down with medical stocks at the end of 2016 and has started to pullback. Prices reached support and the 200sma before retracing. Currently, prices have completed 1 leg up and are looking to complete 2nd leg to the 34EMAL.
The downside of this trade may be limited by previous lows and the 200sma, however, there is still enough room to make $$ if...
Hey there!
Generally speaking, I'm testing my new trading system.
IMHO, it is a great experience to write down all your trades, as it is much easier to analyze them later.
Thus, I'm publishing my ideas here. It will be also great if some of my trades will help all of us to get some profits)
I'm also attaching my risk calculations.
Normally, my risk per...
Hi all,
Here is breakout idea, that will require possibly holding a long position for the longer term.
This is potentially suitable for traders looking to "re-invest" their shorter term trading profits.
1 MDT has been trending extremely well, since June 2013 to Feb 2015.
Over a period of about 33 months, price has channeled upwards, from around $38 to $79 on...
Fundamentals :
It's not every day that you find a solid company operating in a growing industry which also happens to be a dividend aristocrat. Medtronic is such a company. Company is operating in the healthcare industry, being the largest medical technology company in the world. Today before market open company releases tis earnings report.
Technical :
Price...
