MMM
$MMM 3M Co. - Long Term Bull Flag, Bullish Options Activity$MMM 3M Co. - Long Term Bull Flag, Bullish Options Activity
3M slowly approaching a break out of a long term bull flag pattern on the weekly chart. Monitor for a close above $171.
Bullish Options Activity:
$5.3 M in $165.00 strike (ITM) Dec'20 calls traded today (18x OI)
$3.9M in $170.00 strike (OTM) Dec'20 calls traded today (8x OI)
Medium term target: $182.00 by year-end
Long term target: $220.00 by July'21
Note: This is NOT investment advice.
3M COMPANY SHORT📉 NYSE:MMM SHORT H4
🛒SELL BELOW = 157.95
🎯Target1 = 155.35
🎯Target2 = 153.75
🎯Target3 = 151.15
🛑Stop loss or cancel trade = 162.15
🙈Recommended risk = (1%-2%)
#MMM #MMMSHORT #SELLMMM
Our Stock of the Day / 3M CompanyToday we have a short setup to take; here, we will show a full explanation of it.
a) Before understanding this idea, we should take a look at the Daily chart
-The price reached a major reversal zone composed of a Daily descending trendline and a resistance zone
-Based on that, we can see substantial bearish potential towards the next support zone
-Having the big picture clear, we can develop our setup on the 30minutes chart
b) We have a corrective structure making a pullback on the resistance level and the broken ascending trendline
c) We have set our short orders below "C" at 158.8
d) The break-even is on the first fibo extension
e) We will close our position on the next support zone
f) The risk we are taking here is 1%.
Trade Safe, protect your capital, and always understand what you are doing!
GBPJPY 24th Sept - SCALP BUY Morning everyone, as shown visually on the chart when the price comes to the round level of 134.000. Wait to see how it reacts and try to get filled for a 50 pip buy scalp on GBPJPY.
entry: 134.000
BUY
TP: +50 pips
SL- 25 pips
Easiest Set up for high probability trades. GBPAUD +50 pipsMorning everyone here is a beautiful example of a 50 pip trade on GBPAUD during the London session.
The pound has been dropping over the course of the week, so when it comes to Wednesday ( mid-week ) we can look for the midweek reversal inline with the market maker cycle.
combined with round and quarter levels you can see the zones in which the market is trading.
In Asia, we see a big shift into the upper zone. Trapping short traders.
London dropped to pick up spending and stops before giving us a classic W formation.
For entry, wait for the neck to be broken and set your stop loss for -20 pips ( Unless its GJ then the stop is 25 pips )
Why GBP pairs? well, they have the largest ADR, meaning its most likely we can catch the 50 pips a day.
Very simple and very effective strategy, trade inline with the whales and market makers, avoid the traps and watch your trading improve exponentially.
Feel free to leave a comment.
Davie.
50 pip Target - 20 pip SL GBPUSD longScalp Trade
Price has dropped to area of interest. 50 pip target with a 20 pip stoploss.
Max risk 1-2%
50 pip TP
20 pip SL
leave a comment below
GBPUSD heading towards area of value for 50 pips Hey Everyone!
NY session is underway. Keep an eye on GBPUSD and the area of interest. Remember to spot an entry signal that works for you. Don't just enter when the price simply hits the price.
any questions, please leave a comment
GBPJPY Scalp Sell for 50 pips. 25 pip stopMorning everyone, hope you are all well.
GBPJPY - very choppy market as expected. The market has whiplashed traders in both directions. Signs are showing we can move further to the downside.
Waiting for confirmation on the entry. NY open is in 28 minutes. Within the next hour, we will be able to establish if the trade is valid or not.
Any questions you may have please leave a comment.
Tips on trades - 1% - 2% risk per trade, all my trades have a RR of 2:1 or higher. We like to hit 50 pips a day. Mainly trade GBP pairs.
GBPJPY Scalp Buy 50-100 pipsAfternoon everyone! GBPJPY set up for a scalping buy.
Entry: 133.873
Target: 50 pips
Stop: -25 pips
MMM LongI have posted a chart for this company few weeks back. MMM to me looks very intersting. Downtrend from 2018 is being broken after a long consolidation. Price just broke out of it today in a market down day. High volume. Trend indicators are showing momentum.
Good company with fundamentals trying to turn around. F/PE not so attractive. But EPS expected to grow next year as we come out of Covid-19. I have not done any big research on its long term fundamentals but technical analysis is calling for a buy. This is a dividend paying stock. So liked by many. This is just an opinion and not a buy or sell recommendation. All posts are for educational purposes only. Please do your own homework before putting your hard earned money on the line.
3M - MMM - Long IdeaI was asked about this chart and the technicals look great! Obviously this is a longer term play, but look at those areas of interest.
3m looks like it's getting ready for a run to the long side.Beautiful Medium term downtrend which was a correction when you see a larger picture is now broken after the consolidation. this new trend before the breakout started with completion of a Fib retracement. My only worry is I see market coming down for next few days which may impact on the strength of this stock. No matter what 3M is a good name. Would love to own at a cheaper price. This is just an opinion. Do your own homework before buying or selling any financial assets.
NASDAQ 100 PROJECTIONSI expect a impulse price rally up to the Quarter Level(Accumulation of Buystop) and a price consolidation(Manipulation) before price is finally been delivered to the Sellside(Distribution). Price returns to a Discount for the smart money to buy more from willing and unwilling sellers at a DISCOUNT.
Potential AB=CD Pattern $MMM$MMM Has gapped down off of earnings and is trending down. It pulled back intraday to the .382 Fib Retracement level and stalled today at the .618 Fib Extension. Looking to get one more push to the downside at least to complete AB=CD pattern. It could push further though.
Rare investment opportunity! 3M Company buy signals3M Company looks so tasty! Monthly chart: Support line + Horizontal support level + Hammer + Nice "discount"
