TRADING TIPS

MMM Buy Signal with a Tight Stop

Hubert Senters here. I had a question from a viewer when I thought MMM, 3M would be a good buy. Oddly enough, I look at the chart today. It is an aggressive buy today. I’m going to zoom in here if I can. If I sound funny it’s because I got a little cold here from Vegas evidently I must have picked something up. I’m not the only one though. A couple guys said they went back home. They had strep. I haven’t had my throat swabbed yet. I don’t feel like strep so I’m just going to go with it and see if I can just outlast. You do have one close above the cloud. The lagging line is above the cloud so it would be along here at $209-ish. Stop-loss would be $201 or $195 depending on your risk profile. And then your initial target would be like $216 to $217. And then if it can clear that it will open up the floodgates to higher prices and then you could potentially get up here to $223-ish in those areas so those are my thoughts on MMM. And now, we’re having our annual TradeThirsty trade giving where several of us are going to get on webinar. Teaches some cool stuff about trading in the markets and stuff like that. I’m going to leave it off and then here are your speakers you’ve got Johnny, Serge, Hima, Andrew, Jack and Ton. I’m just going to be going over what’s going on in the market so we will scan the markets actively and then we’ll build a list of new longs and new shorts so that you can have a watch list going into next week. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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