MMM trade ideas
3M earnings tomorrow at 6:30am3M earnings tomorrow at 6:30am. My range is $163 low, $171 mid, $179 high.
4th Quarter December 2020
Consensus =
EPS: $2.19
Revenue: $8.49 Billion
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com
MMM 3M Company Stock Technical Analysis of Price by Z4Zachary Speculation into the future.
TRADING IS NOT SUITABLE FOR EVERYONE.
If you don't know what you're doing... TRADING CAN CAUSE YOU TO COMPLETE LOSE ALL OF YOUR MONEY.
Comment if you feel like it and have a great day!
This is an example chart demonstrating how I may choose a strike price when purchasing stock option puts
If you don't know what that is then you should trade demo.
MMM Longin Demand Zone
EMA200 as Support Line
EMA50 above EMA200 as Support Zone
Entry 166
stop 162
Target 190
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
$MMM - golden cross, favorite in the group of golden crosses$MMM golden cross coming soon. It is a pattern I enjoy playing. No chart pattern or chart indicator is a guarantee.
Golden crosses on the horizon (within 1-35 days)
AA - I want in, but afraid
BAC
BOX
CARS
DBX
GE - Im in
HAS - Im in
LYFT
MLHR
MMM - Im in
NTAP
NTR - Im in
URG
WB
NNDM - Im in
ADS
BA
C
CONN
COTY
CRON
CSCO
EBIX
GNUS
JWN
M
MIXT
MO
NCLH
PSEC
SPG
UAL
WTFC
SPYD
EEFT
FNB
BNS
PRTH
YELP
RESN
Recently golden crossed and no where near entry or entry is still good to play the golden cross
OLN
RVLV
AXP
IMMR - Im in
DFS
EXPE
F - Im in
FBC
FCEL - Im in
IDEX
JPM
MET
MOS
STT - Im in
ULTA
WEX
Personal plays and cashed out today on golden cross:
IDEX +50%
MET +27%
ULTA +18%
$MMM - looking good, may grab call option with tight stop lossStochastic and ATR are supportive
MACD is in a strong position
If we break resistance again, it becomes the support and may have some strong gains. The next resistance comes in around $179
My method is one that prefers to be touching the 20 EMA - however, when there are so many other indicators, I do sometimes jump in without a touch of the 20 EMA