Further to comments I made on SP a week or 2 ago, we did break south out of the triangle, & the major trendline is a falling one. However the continuation along this trendline now appears to be forming a falling wedge, we will probably be in this formation for 1 - 2 months. The falling wedge is a bullish pattern and is a signal of accumulation with the next entry point looking to be around 9c. exit 10 - 10.5 Short (3 month) term I expect we will see 8 - 8.5c before we see mid teens.
My ST Sell sentiment is for trading & accumulating only & long term sentiment is Buy.
MDT Price at posting:
10.5¢ Sentiment: ST Sell Disclosure: Not Held