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Omolor
Aug 5, 2020 3:10 AM

MMM - Channeling Reversal Long

3M CompanyNYSE

Description

NYSE:MMM

SWING TRADE
MMM showing signs of a reversal in it's current channeling pattern.
(An elaboration of my previous idea)

Reasons:
1. Potential 4th bounce off support
2. Crossing of 9 & 50 MA
3. Large bars previously pushing down
4. Huge Volume down trending ending bar
5. Recently crossed up RSI 30
6. MACD cross over signal below 0

Entry: 151.18
Target: 159.06
Stop Loss: 148.75
Risk Reward: 3.16
Comments
harismne
give us anotherone!
Omolor
WIN - Exited at target 159.06 on Aug 10, 2020
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