0Y6X trade ideas
MDT - 7.71% Potential Profit - Corridor BreakoutMDT has desperately trying to rally to reach its pre-pandemic ATH for 6 months now.
The company has also published encouraging research study results - this might act as a catalyst and create momentum. The company also beat earnings estimates recently, creating an overall positive outlook on its future.
This Corridor Breakout with strong support confirmation hints that this might be the right time.
I'm planning to enter either at a Limit, in order to contain risk or to chase a run with a Stop order. The target exit is conservative, however, if it breaks through it, there is the potential to reach its ATH. If this happens, it means that I wouldn't take profit right away, but rather lead with a Trailing Stop Loss.
- Target Entry $103.50 (Buy Limit) or $105.00 (Buy Stop)
- Target Stop Loss $101.87
- Target Exit $112.81 (or $122.00)
About me
- P/L September +33.74% | August: +232.32% | Historical Win Ratio 70.59% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
MDT - 5.27% Potential Profit - Corridor BreakoutKeeping the Stop Loss at circa -1% in order to preserve capital. All trades have an elevated degree of risk this week. The market can turn anytime. This doesn't mean that we need to stop trading.
Corridor broken out after a 3-month correction followed by a promising 3-month bull-run. Indicators are obviously not on our side, since we are playing the bounce.
- 3-month Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $104.90
Target Stop Loss $103.80
Target Exit $110.41
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
MEDTRONIC is to BUY DailyHey people, MEDTRONIC is giving fakes signals of a decline in sales volume for two sessions, and is looking to turn around and start its climb again. Great likelihood of breaking with force the line which tells the story of MEDTRONIC to reach the last previous high point, we can even land in the gap to fill it only if the buyers are back in force.
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Upward trend channel brokenWe 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.