MDT
🆓Measurable Data Token (MDT) Sep-3 #MDT $MDTMDT is correcting after being rejected at $0.055 and the target of this correction is at $0.04, this is the strong support area of MDT and there is definitely a strong buying force to help MDT increase strongly to $0.06 and $0.09 zone.
📈BUY
🔴Buy : 0.039-0.041$. SL if B
📉SELL
🔴Sell : 0.0585-0.0615$. SL if A
🔴Sell : 0.088-0.092$. SL if A
♻️BACK-UP
🔵Sell : 0.039-0.041$ if B. SL if A
🔵Buy : 0.0293-0.0307$. SL if B
❓Details
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Multi-time frame analysis with sell rules (MDT)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 have possible breakout of a 10 week+ consolidation - this could be considered the minor pattern over the major pattern (see below for major pattern). The measured move (height of the minor pattern) and fib extension (1.618) from the minor pattern is between 139.9 - 145. So that could be the first area to sell some on strength if trading shorter term.
Long term, the dominant trend is up and we want to cut out the noise to hold the position until the market signals otherwise.
Sell rules on the weekly time frame could look like this:
The modified heiken ashi indicator coded by Chris Moody is in the public library. It's not perfect, since it requires a wide stop, but it works well to stick with long term trends to cut out the noise in between. You could apply additional sell rules like I've detailed in the chart:
1) Does it hold structure (closes above the prior week's low?)
2) Does it stay above the 21 week moving average?
On the monthly time frame we could see the major pattern developing that signals the timing could be ripe:
Price broke out on the monthly (and quarterly) + retested the resistance. Price is now showing strength as we get closer to the end of July. This is a signal that dips should be bought as long the July lows hold.
Medtronic is a value play and what I'd consider a solid conservative stock to allocate a % of capital. Not FA...
GL
MDT/BTC buy opportunityHi followers,
MDTBTC Looks ready to go, after big ABC correction,
Stopped above support area, formed higher low and a break above the flag formation.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my ideas - 👍 Like, 👆 follow and 👉 share!
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Piggyback the profiteers After some conversation with a young single mom and what she goes through to get her and her 2 yr old diabetes meds @ $13hr...f to the big pharma and f to the health care that does not cover such a life saving drug. It's not a conspiracy...it's a cultural failure to recognize how far we have come in such a short time. Some will call it profiteering...sure but it's also about what is done with those profits...what could be done. So I'm in on medtronic with the mission to take their pillaging and raping of the target audience, get some profits and help someone that needs help with their medication.
www.diabetes.ca you can donate as well....I just want to take the strain off someone I know personally.
MDTUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has experienced a lot of decline, we expect it to be the end of the decline and be able to touch the top targets over time.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
MDT price target raised to 133; pent-up demand provides tailwindMDT price target was just upgraded to $133 by Citi. I see it overshooting that in the long run. Elective surgeries have been put off and doctor visits have been down throughout the pandemic so the amount of pent-up demand for surgical/medical care is going to be through the roof. With an aging population, healthcare is a MUST as a sector to allocate to.
MDT is an excellent way to play this sector. After periods of consolidation, MDT looks ready to head towards it's price target. My guess is it hits $150 before it reaches any significant resistance.
In terms of fundamentals, their current ratio is 2.1020, meaning they could pay their current liabilities 2 times over if sh*t hit the fan and business came to a complete halt. Highly unlikely, but if it did happen, you would be sheltered for a period of time.