SwingTtrader

MMM long

Lång
NYSE:MMM   3M Company
MMM, has finally shown that it can trend higher from now onward. In the past few months, the stock has tried to break the green Resistance line at least twice, but it failed. In the last attempt, however, it successfully broke the Resistance. To me, it looks like this is a valid signal to take a long position because if you take close look to the volume, where the green arrow is pointed, you see a large number of shares exchanged when the Resistance is broken. My target price will be $195-200

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.