3M $MMM Trade Idea

٦ ديسمبر ٢٠٢٣

I entered a trade on MMM yesterday as the stock pulled back to the previous diagonal resistance after the previous day breakout.

Today the price seems to be continuing its bullish movement after a simple S/R flip.

The moving averages are all sloping up showing short term bullish momentum.

We see that the oscillators are overbought in the short term so we might see a small pullback which I will use to add more options contracts to this position.

Hope this helped the readers, follow me for more trade ideas.

Thank you,
BK