MMM eyes on $160: Resistance Zone waiting for Earnings report

18 lug

MMM has been crawling off a decade long bottom.
Testing a significant resistance at $159.83-160.08
Earnings report tomorrow, so a key 24 hours here.

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Previous analysis that caught the BREAK OUT:

Hit the BOOST and FOLLOW for more PRECISE and TIMELY charts.
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4 giorni fa

Trade attivo

PUMP, DUMP, BOUNCE
(yellow shaded area is from posting time)

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Closer look with notes:
Earnings gave an initial Pump but then Dumped.
It drooped into our support zone and BOUNCED.
Will it hold? Probably not, but I took a small long.

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What next?
Initial target will be $155.11 with SL at $146.44
If that target is hit, I will close 25% or 50%.

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