SummaryThe author believes MDT to be overbought on a technical analysis basis.
Investors should be prepared to “buy the dip” at a price range of $56-$58.
The author uses Moving Averages, Bollinger Bands, Candlestick Patterns, and the Relative Strength Index to support the analysis.
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Peercoin vs Bitcoin seems to be following a slow downtrend since the start of the week, but there could be a pause due to some important technicals. Let’s take a closer look at the PPC/BTC four hour chart below (click to expand): I’ve performed the Fibonacci study from the low of the year at 0.00445 to the latest […]
PPC/USD Technical Analysis – 26th March 2014 By Ashton Fraser on March 26, 2014 in Trading Peercoin’s recent movement gives back half of its gains since the 24th, only to begin a period of consolidation. Let’s take a closer look at the PPC/USD chart on the H4 timeframe (click to expand): I’ve performed the Fibonacci study from […]
After the rise from 555, Bitcoin continues to range between two important Fib levels. Let’s take a closer look at the BTC/USD chart on the thirty minute timeframe: I’ve performed the Fibonacci study from the low of the past fortnight at 555, to this week’s high at 590. Sometimes, it can be a bit of a discretionary […]
This morning we saw a classic double top price pattern form on Namecoin. Let’s take a closer look at the NMC/USD H1 chart below (click to expand): The first thing to look out for is the double top pattern here, marked with two red circles. Concerning the far left circle, we can see how the candle a) […]
LTC/USD Technical Analysis – 24th March 2014 By Ashton Fraser on March 24, 2014 in Trading Litecoin hits a support level today, just above the 15 level price mark, with a potential retrace still questionable. Let’s take a look at the LTC/USD H4 chart below (click to expand): I’ve performed the Fibonacci study from the high of […]
Namecoin almost touched 3.000 which I expected, as mentioned in yesterday’s analysis, however we’re now seeing some ranging take place. Let’s take a closer look at the NMC/USD four hour chart below (click to expand): I’ve performed the Fibonacci study from the high on the 9th of March at 3.5, until the month’s low at 3.015 from yesterday. […]
Forex trading can be a great way to increase your investment capital and provide a nest egg for your future, but selecting a trading strategy that suits you can be complicated. Swing trading versus day trading, market sentiment versus technical analysis, and the plethora of different indicators available and the strategies based on these indicators, make choosing the right strategy […]
LTC/USD Technical Analysis – 21st Feb 2014 By Ashton Fraser on February 21, 2014 in Trading Lets take a look at the M30 Litecoin chart below: First thing we’ll notice is the strong intra-day downwards white trendline that’s holding firm so far. It’s been tested five / six times, which, for a space of less than a day, […]
PPC/USD Technical Analysis – 21st Feb 2014 By Ashton Fraser on February 21, 2014 in Trading Peercoin seems to be adhering to classic technicals this afternoon. Lets take a look at the intraday thirty minute chart below on PPC/USD (click to expand). Look at how smooth the downtrend was from the 20th at 4.050 until this morning at […]
