Entry conditions:
(i) higher share price for
MDT along with swing up of indicators such as DMI/RSI, and
(ii) observation of market reaction around the potential support/resistance line of $83.85 from the open of 23rd April.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 15 day EMA (currently $81.84), or
(ii) below the rising 50 day SMA (currently $79.33), or
(ii) below the prior support/resistance line of $78.17 (from the open of 20th May).
(i) higher share price for
MDT along with swing up of indicators such as DMI/RSI, and(ii) observation of market reaction around the potential support/resistance line of $83.85 from the open of 23rd April.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 15 day EMA (currently $81.84), or
(ii) below the rising 50 day SMA (currently $79.33), or
(ii) below the prior support/resistance line of $78.17 (from the open of 20th May).
Nota
UPDATE (week ending 24-Jul): Potential trade remains in 'wait and see' mode, with entry conditions not met so far...Trade attivo
UPDATE (week ending 31-Jul): Trade activated Monday 27th July, with opportunities to take a small piece off the table after the gap-up the following day. Price action still respecting prior support/resistance line from the open of 23rd April (i.e. $83.85) at the end of the trading week, as well as the short-term moving averages.Nota
UPDATE (week ending 07-Aug): After testing the 150 day MA from the underside, the share price re-tested the short-term moving averages and then settled slightly above the yearly VWAP and slightly beneath the 150 day MA once again at the end of the trading week. Traders and investors may wish to consider raising protective stops to a level beneath the support level of $83.85 from the open of 23rd April (or to just beneath the rising 15 day EMA, currently $85.19, for traders who wish to be more aggressive and don't mind the possibility of being whipsawed out of the trade).
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.