After a period of sideways trading, 3M has clearly shown where its resistance levels are—and this is dynamite for traders. If the price breaks above the current resistance, we could be in for a very interesting rally, especially if it also surpasses the previous all-time high at 165.
This offers a great opportunity to enter a position in 3M with the potential for a 10% or greater profit in just a few weeks, while keeping your stop loss at 2-3%.
This trade can be done with minimal risk. To learn more about the strategy, follow ;)
This offers a great opportunity to enter a position in 3M with the potential for a 10% or greater profit in just a few weeks, while keeping your stop loss at 2-3%.
This trade can be done with minimal risk. To learn more about the strategy, follow ;)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.