The Long Investor
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$MDT - REPORTED EARNINGS TODAY -
🕑 Added 2025-02-18 17:04:57 +0000 UTC$MDT missed on revenue by 0.42% today but beat on EPS and the share price dropped -9% at the opening.
There is some recovery now but lets looks at where support was found:
- On the 200 Day and 50 Day MA's and on the confluence level with the 0.618 Fib
Price is still in the rising wedge but there is the start of an impulse wave forming here
If the price can continue to hold above $84 then Wave 3 can be next, a break above the wedge at $94 then confirms Wave 3.
Bear case is triggered dropping out of the wedge at $80
Comments
Daniel
BSX stealing market share
