| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 136.00 |
| Take Profit | 143.40 |
| Stop Loss | 134.00 |
| Key Levels | 122.20, 130.00, 132.30, 135.00, 140.00, 143.40 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 132.30 |
| Take Profit | 122.20 |
| Stop Loss | 135.00 |
| Key Levels | 122.20, 130.00, 132.30, 135.00, 140.00, 143.40 |
Shares of 3M Co., an American diversified innovation and manufacturing company, are trading at 135.00.
On the daily chart, the price is moving within an ascending channel with dynamic boundaries of 140.00–130.00.
On the four-hour chart, the quotes could not leave the range, reversed at the channel support line of 129.00, and continued to rise, reaching an annual high of 135.00, after overcoming which they will be able to grow to 145.00. In the event of a reversal and a repeated attempt to exit the channel with a breakout of the 130.00 mark, downward dynamics may develop.
Technical indicators are holding a buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram is forming correction bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 136.00, with the target at 143.40. Stop loss — 134.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 132.30, with the target at 122.20. Stop loss — 135.00.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
