MMMC34 trade ideas
$MMM Longing for Target of $190MMM Chart says it all. Looking for 161.8% if we can break this wedge.
tendencia alcista uptrend MMMTendencia alcista identificada sobre los últimos meses con la acción MMM (uptrend)
Earnings - This WeekInteresting Earning this week.
AAPL , CMG , COF looks good for iron condor
MMM - looks better for bearish side, Too big of a run past earnings.
Simple Trading Techniques – Pullback Candlestick Strategy
Go long the MMM if it trades at 167.13 or higher. If triggered, place your stop at 164.64 and exit the position for a profit at 169.32 or at your own discretion. (Signals are valid for 1 day only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
3M: Revisiting the shoulder levelI have in mind launching a private stock market index called the Speculative Index with a portfolio comprising of long and short positions in DJIA companies based on speculation, just for fun and experimentation, you know. That could hardly be called an index, I know, but let's not talk about it. I will begin publishing ideas about the related stocks, then I will make a test run with a transparent portfolio statement and announce the P/L statistics. So this one is the first analysis in the series. I will tag the analyses "speculative-index" so that the interested may easily reach them.
It seems the market wants to retest the old levels, so our position would be long on this stock.
DOW JONES OVERVIEW: 3M RISKS TO TEST 10-YEAR TREND3M price is in a very tricky situation...
On long term basis it failed its 5-year (260 weeks) uptrend test by falling below the 1st upper standard deviation from 5-year mean. It's 10-year uptrend is still intact, as price is trading above upper 1st standard deviation from 10-year (520 weeks) mean.
On short term price is in downtrend on quarterly basis (below 1st st deviation from quarterly (66-day) mean, which is now allinged with upper 1st standard deviation from 5-year mean)
Price has also fallen below upper 1st standard deviation from 1-year (264 days) mean, risking downtrend on 1-year basis.
Thus if 3M continues to trade below 1st standard deviation from quarterly mean (149) and below 1st standard deviation from 1-year mean (144.75), it risks to retest the 10-year trend border, marked by the upper 1st standard deviation from 10-year mean (130)
