Mmmtrading
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But for the time being, let us look at the 3M chart where we can see an increasingly strong bullish impulse. It is important that the pressure is kept high until we confidently cross the resistance at $117.80. There, we should see a small setback, before the bulls take over again. It is important that the course remains above $92.38.
3M: I Want to Break Free 💪3M wants to break free from the compound consisting of the red zone between $93.83 and $107.35 and the green zone between $92.38 and $105.93, where it has finished wave (II) in white. To achieve this, the share has already developed convincing upwards momentum, which should soon carry it out of the zone-compound and above the resistance at $117.80. There, 3M should complete wave (3) in red before a counter movement should take it back below this mark. As soon as wave (4) is concluded, though, 3M should resume the overarching ascent. However, there is still a 33% chance that the share could lose its momentum and tumble below the support at $92.38. In that case, we would have to reckon with a new low in the form of wave alt.(II) in white first before a sustainable upwards movement can start.
3M is Near Bottom Valuation3M stock is considered very cheap as it is traded at 3.5x PB ratio. Even though the company has an decreasing future net income, it still has pretty strong revenue. 3M price is moving downward faster than it's strong fundamental. So it left room for potential upward gain, as it is now considered cheap in term of financial valuation. What is needed by the company is just a reduction of the cost and operate more efficiently. It that could be done I think 3M price could bounce up strongly.
We are using Stock Value Rainbow to evaluate stock valuation based on four valuation metrices: book value, earning, dividend and cash flow. The rainbow color depict the multiples values of all these four factors sum up together. The rainbow above the gray lines represent 1x, 2x, 3x, .., 10x of stock value. While rainbow below the gray line represent 0.8x, 0.6x, 0.4x, 0.2x stock value. The higher the value the more expensive the stock, the lower the value the cheaper it is according to these fundamental or financial valuation metrices.
GBPUSD H4 Potential long position Hi
price broke through previous supply zone and it has become strong demand zone now,
if price backtest this zone and bullish signal appears,
can try long order but just remind of upcoming non-farm payroll announcement may affect USD, DXY...so on
Entry SL TP are given on chart
Just personal opinion, not investment advice!
GBPUSD H4 short order Fundamentals:
CPI 7.7, better than expectations
DXY falls
US dollar weakens
Non-U.S. Currencies go up
*Technical :
Price has reached previous HTF supply zone
also accumulated liquidity before
If there is a clear reversal signal inside the red block (can be found in LTF)
Could be bear engulfing, downside trend...
Consider placing short
However, with the recent sharp weakening of the U.S. dollar, and just broke through downside resistance line in HTF
RR isn't that much
It is safer to wait for a clear signal to appear before entering
Entry TP SL are given on chart
More conservative, can manually close order at TP1
All are just personal opinion, not investment advice!
ETHUSDT H1 Bullish targetsame as bitcoin
Continue to rise after breaking the pressure of the descending parallel channel
long position, next TP look at 1688
then 1715
Only after breaking through those two points, will have more momentum to hit supply zone ( lower edge - 1755 )
crypto market is usually less volatile during weekend
It may be impacted after stock market opens on Monday
Carefully consider risks no matter you already hold or consider placing any order.
All are personal opinions, not investment advice!
Enjoy the trade!
BTCUSDT H1 Hi
if price backtests demand zone and appears bullish signal, could be bullish engulfing, morning star, hammer...so on
entry - demand zone when signal appears
SL - lower edge of demand zone which is given on chart
can set a bit more space for preventing fake move
TP - 20798
It's supposed to be an uptrend parallels channel but faces a bit of selling pressure, so TP at the point which meets the resistance line which is given on chart as well
all are just personal opinions, not investment advice!
any suggestions and feedback are welocme!
GBPUSD H1 potential short positionHi
As chart
If price breaks out of the below supply zone (red block below)
Uptrend has momentum to continue rising
But it has possibilities to meet selling pressure since there is a resistance zone that hasn't been successfully broken since 9/22 decline.
When price hits the upper supply zone and there is a "clear bearish singal" could be bearish engulfing, evening star... so on
I'll consider placing short position for short term
After all, it has gone up for a while
RR 1:2 but depending on the situation
DXY drops and there is a new UK minister, unsure what policy he will do on currency.
UK also took office as a new prime minister, and he doesn't know what policy he will have on the currency.
All are personal opinions, not investment advice,
all suggestions and feedback are welcome!
XAUUSD H1 potential long positionHi
If gold backtests to the lower demand zone
If there is a clear bullish signal, will consider placing long order
The entry point and SL are all on the chart
If an uptrend pattern is still valid, the previous low should not be broken below
can consider pulling a little space lower for preventing a fake move
TP about 1:3
all are just personal opinion, not investment advice!
AUDCAD m15 short term short positionentry reason: A bearish reversal signal appeared in LTF after hitting supply zone & failed to break through the previous high
Entry point: 0.88165
Stop Loss: The upper edge of supply zone 0.88335
Stop Profit: 0.8774
all are just personal opinion, not investment advice.
EURUSD H2 Potential RR4 short position
Hi
EURUSD H2
HTF: Short
LTF(Current): Long
once it hit upper supply zone (red) which coincidently meets HTF resistance line
and bearish signal appears, I'll consider as a potential short position
Entry 0.9908
SL:0.9926
TP:0.9834
All are just personal opinion, not investment advice,
any suggestions and feedback are welcome!
BTCUSD H1 Potential short positionpersonally tend to place short position at the higher supply zone (is given on chart)
The finance market's volatility also impacts cryptocurrencies e.g., DXY
So place orders only if apparent signal appears
when price hit supply zone and appears bearish signal then try short position (could be bearish engulfing, evening star...so on)
All data are given on chart
Just personal sharing, not investment advice.
Any suggestions and feedback are welcome!
EURJPY H4 potential short positionAfter retracement, price goes upside and is close to previous H(9/22)
but the upward momentum has slowed down
and it is close to HTF supply zone( is given on chart) which is also 8 years high
If the price goes up to supply zone
and bearish signal appears, consider entering the short position
SL: 145.8
TP1: 143.03
TP2: 142.60
TP3: upper edge of the demand zone which is141.1
(short is still against the current trend, please evaluate carefully)
all are personal opinions, not investment advice.
any suggestions and feedback are welcome!
EURGBP H1 Potential short position After price plunged, the demand zone is formed
price gradually went higher, keep forming LH
If continue to go uptrend and hit supply zone which is 0.8743-0.8768
"try short position only if K bars appear bearish signal"(LTH)
SL upper edge of SL supply zone
TP 0.8654
All are personal opinions, not investment advice,
any suggestions and feedback are welcome!
MMM 3M Company 141K Calls, $200 Strike Price, Expiring Sept. 16!I don`t know if you monitored the Option Chain last Friday.
I always do that for my clients and I was shocked to see for MMM 3M Company 141K Calls with $200 Strike Price, Expiring Sept. 16!
On Thursday we had 70K calls, same expiration date and strike price.
It has to do something with 3M's Healthcare Spinoff which sees Roadblock from Veterans, which sued the company to block its planned spinoff of the healthcare business.
I bet the call options buyers are thinking that the spinoff will be approved in court by September 16.
The stock is one of the Dividend Kings, the company has increased its dividend for 65 years and the Forward Dividend & Yield id 5.96 (4.90%).
At this oversold level, with the RSI at 22, i wouldn`t be surprised to see at least a technical bounce to $130, if not even higher.
Looking forward to read your opinion about it!