A clean Ascending Triangle often precedes a big move. Validate your entry.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Technical analysis of Medtronic (MDT) reveals a significant setup. Price has moved to $83.21 (1.46%) amidst recent volatility. Price action has carved out a classic Rounding Bottom. The trend indicator is reading 0.9/100, suggesting moderate momentum. A potential breakout level is identified at $85.99, targeting $99.33 with support near $79.32 (R:R 2.0).
What is your outlook on MDT?