LimitlessNautilus

MMM - 3M COMPANY - upside break

Long
NYSE:MMM   3M Company
Historic:
08/27/2021 (dd-mm-yy)
Fear & Greed Index: 39

Mid-term forecast (2-4 weeks):
If price breaks the 208.80 resistance, a resumption of a strong uptrend is expected.
Aiming at 222.07 (2-3 weeks) and 280.61 (3-4 weeks).
If the support at 187.63 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 187 or 122.16 level is broken in the medium term.

Technical analysis:
A CUP forms on the daily chart between 200 and 121, starting on april 01 , 2019.
This week in August 27, 2021 it can break 208.80 and is expected to rise to 222.07 and 280.61 according to technical analysis and confirmation of the pattern.

+ Trigger:
Trigger1= 208.80
+ Take Profits:
TP1=222.07
TP2=280.61
+ Stop:
Stop1=187.63
Stop2=122.16


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