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
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
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