MMM potential Buy setup
Updated
Reasons for bullish bias:
- Price gave a strong weekly resistance breakout
- Price respecting daily trendline
- Playing DOW
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 104.55
Stop Loss Level: 94.63
Take Profit Level 1: 114.47
Take Profit Level 2: 124.39
Take Profit Level 3: Open
- Price gave a strong weekly resistance breakout
- Price respecting daily trendline
- Playing DOW
- Positive Earnings
Here are the recommended trading levels:
Entry Level(CMP): 104.55
Stop Loss Level: 94.63
Take Profit Level 1: 114.47
Take Profit Level 2: 124.39
Take Profit Level 3: Open
Trade active
TP1 and TP2 both hit!
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