MDT - 7.71% Potential Profit - Corridor Breakout
MDT 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
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
Nota
Stop-loss can be placed at $103.04 if you would like to be conservative.Trade chiuso: stop raggiunto
-1.62% loss
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.