The PEAD projected a Bullish outlook for $MTD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
The PEAD projected a Neutral outlook for $MTD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
MTD took out buy side liquidity and sold off on Monthly charts, creating an OB- in the process.
On daily, price created a breaker. Sell the retest of that breaker.
Look for Bullish action if the price of MTD is able to close above the $1148 area in the next two weeks. A bullish break out could take MTD to $1300 in the next 9 months.
Look for the ADX/DMI to turn positive and the Choppiness indicator to confirm an uptrend prior to starting a position. The trade fails if the price closes below the $1055 range.
$MTD made an all-time high with a gap-up on November 06. Next three days it almost filled the gap and
last day it made an effort to resume the journey. As the trend is very strong it is likely that it will touch the all-time high again.
If we could take a position at open the stop-loss will be below 1122.80 and profit target may be a new high.
System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing...
This is clearly on the downhill slide and was reading last qtr earnings transcript, they guided low and economic conditions don't support bullish move at all.
Will add some earning PUTS this morning.
Playing Trading Simulator Game:
Love this stock. Huge daily range.
8JAN18 bought 150 shares at $636.92.
9JAN18 sold 150 shares at $651.
Time to short the stock?
At top of my trend line.
At top of Bollinger Bands.
