A clean Bearish Flag often precedes a big move. Validate your entry.
Bearish continuation if preceding move was down.
Traders are watching Medtronic (MDT) as price action tightens. Price has moved to $77.51 (-0.82%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. Volume is average (0.42x avg) with moderate trend strength (17.6). A potential breakout level is identified at $74.4, targeting $50.83 with support near $78.99 (R:R 5.14).
What is your outlook on MDT?