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Konstandinovic
Dec 6, 2023 3:54 PM

3M $MMM Trade Idea Long

3M CompanyNYSE

Description

I entered a trade on NYSE:MMM yesterday as the stock pulled back to the previous diagonal resistance after the previous day breakout.

Today the price seems to be continuing its bullish movement after a simple S/R flip.

The moving averages are all sloping up showing short term bullish momentum.

We see that the oscillators are overbought in the short term so we might see a small pullback which I will use to add more options contracts to this position.

Hope this helped the readers, follow me for more trade ideas.

Thank you,
BK
Comments
chironrobinson
Very bullish into 2024. If CPI and FOMC go well we will 110 next week!
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