Hello, according to my analysis of 3M stock. There is a wonderful investment opportunity. The stock broke the downward trend. The strong resistance at 107 was broken. Also, a very positive green candle formed on the daily time frame. Indicates a strong entry of buyers. good luck for everbody
Looking at the MMM 3M Company options chain, i would buy the $120 strike price Calls with
2022-11-4 expiration date for about
$1.68 premium.
Looking forward to read your opinion about it.
Looking for an Intraday Bounce on the 15M from the 50. Setup Parameters are below. Once you hit TP1 - Close half and move stop loss to entry.
If you're interested in learning more about the Market Maker's Method - Join The Forex Gurus
**Pending Order**
ID50 Bounce Trade (15M)
Sell Limit GBPNZD
Entry - 1.93700
SL - 1.94100
TP1 - 1.93400
TP2 - 1.93044
TP3 - 1.92583
X Force Global Analysis:
3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities.
Analysis
- What's most noticeable in 3M's weekly chart is the descending parallel...
Hey guys! Here's my view on MMM:
Summary
Price bounced off a strong support, captured by the recent spike and I am expecting a further push to 168.79 before a reversal.
How I would play this trade:
Entry: 168.79
Stop Loss: 190.26
Take Profit: 97.21
Reason for my view:
There was a strong bounce off the 61.8% fibonacci retracement level, in line with...
