Some thoughts on #MDT and why I decided to buy it:

Weekly Chart:

The last red candle indicates bearish pressure, signaling a potential downtrend. However, the selling volume is very weak, which suggests a lack of strong selling momentum. This often hints at a possible trend reversal or at least a setup for an uptrend.

Daily Chart:

The recent top was formed with significant buying volume, showing that there’s still strong demand. Technically, this indicates the market has room to push for a new higher high above the current top. This aligns with the theory that after a high-volume breakout, the price tends to challenge and surpass the previous high.