Daily Demand Zone confirmation
Entry 102
Stop 98
Target 113
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
The PEAD projected a Bearish outlook for $MDT after a Negative over reaction following its earnings release placing the stock in drift C.
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The chart speaks for itself. 100sma has been held and tested multiple times.
RSI has not gone below 35 RSI.
Giving it a little wiggle room makes sense to avoid getting stopped out. The ATR (average true range) is 2 points. So a stop below $127 could potentially provide enough room.
A bullish corrective pattern that is a sign of more buying to come.
We expect this stock to rise because of the corrective pattern.
Trade with care use a stop loss.
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💡 MDT technically based idea, we can see price is on SUPP zone, technically indicators showing we can expect higher bullish...
The PEAD projected a Bullish outlook for $MDT after a Positive Under reaction following its earnings release, placing the stock in drift A with an expected accuracy of 60%.
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This is a basic look at how you could execute a trade based on the daily, weekly, and monthly time frame with exit rules that fit your risk criteria.
In trading, we're timing entries based on signals. The signals on MDT are seen on the monthly, weekly, and the daily time frame, which for me triggers the entry for a longer term position trade.
On the daily we...
Medtronic plc is an American-Irish registered medical device company that primarily operates in the United States. Medtronic has an operational and executive headquarters in Fridley, Minnesota in the US.
The PEAD projected a Bearish outlook for $MDT after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
As I said in my previous post I didn't think MDT should be moving so fast. We had a nice run up but all good things need to take a break. Momentum is still bullish.
