SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Home on the range where the buffalo roam

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Boplicity who wrote (8714)1/9/2001 10:46:30 PM
From: Walkingshadow  Read Replies (1) of 13572
 
Greg,

Here's a puzzle.

MDT broke out of its year-long trading range, but then failed, and has corrected back into it again. Technicals now look like they are winding up, and the last two candles suggests short term reversal:

askresearch.com

Short term, looks like it will move. The question is, will it likely break out again, or is the failed breakout a very bad omen, signalling harder times ahead? I favor this latter scenario, but I'd like your thoughts.

Here's the one year chart:

askresearch.com

Is MDT destined to retest the 52 week high and break out for real this time, or is this the beginnings of a topping formation????

TIA,

Terry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext