MMM; Has Coronavirus helped 3M enough to keep them above water?!
MMM; Has Coronavirus helped 3M enough to keep them above water?!
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Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already!
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1. Fractal Trend showing an uptrend (Green background color) for MMM on the 1 hour chart. We are hoping this is not a false breakout like we saw previously.
2. We are currently in a quite parabolic move to the upside, thankfully we have a trailing stop riding behind this move to attempt to lockin as much profit as possible.
3. We are looking for a reaction at the R1 bearish orderblock where we hope to see Breakaway Scalper go neutral so we can get in on this tear!
4. If R1 can't hold, we will be looking at R2 and R3 as expected resistance going forward.
5. S1, S2, and S3 are all acceptable levels we are keeping an eye on but any lower and well... you guys know the rest.
✨ We provide charts every day ✨
Like and Follow to help us grow family! 🎉
---
Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already!
---
1. Fractal Trend showing an uptrend (Green background color) for MMM on the 1 hour chart. We are hoping this is not a false breakout like we saw previously.
2. We are currently in a quite parabolic move to the upside, thankfully we have a trailing stop riding behind this move to attempt to lockin as much profit as possible.
3. We are looking for a reaction at the R1 bearish orderblock where we hope to see Breakaway Scalper go neutral so we can get in on this tear!
4. If R1 can't hold, we will be looking at R2 and R3 as expected resistance going forward.
5. S1, S2, and S3 are all acceptable levels we are keeping an eye on but any lower and well... you guys know the rest.
Trade closed: stop reached:
Stopped out in profit after the earnings gap to the upside as expected. :)
