CK hitting resistance at previous price action with resistance directly ahead, volatility ahead, Either it sits low and down through tomorrow for the line to to cross under price action giving upward mobility limited by price action above or it avoids the price action to the upside using the previous price as support (this is the scenario I'm...
Despite the fact that we have been essentially range bound on S&P since Jan 2018.
Retail is likely to be in denial about this 'run' and fighting it.
Stop losses and positions control will be key
As such they are likely to fight this very clear inverse head and shoulders.
Heading back towards the trend we were maintaining and, at the time, setting a higher low...
MMM "3M" is a Dividend King. They have increased or remained dividend level for 56 consecutive years.
Heavily oversold on the daily.
Cup and handle forming on the monthly.
Blue and Grey sky movement through the period of consolidation from historical reference.
3 Month Target $195.
6-12 month Target $220
Kellogg confirmed bounce off 17 year trend line.
Low beta Dividend KING with 56 years of YoY increases or level dividends.
Currently at a great entry for medium(Late 2019) and long term(5+year) holds.
At current levels a 15 year hold would be at approximately $38 cost basis using uncompounded dividends.