YOUR ACTION PLAN MMM's been on a nice upward trend lately, with a beautiful earnings win to boot. Despite the market going haywire yesterday, MMM showed some real grit. It gapped down with everything else, sure, but then it fought its way right back up into its recent consolidation zone. That's the kind of strength I love to see. Now, here's where it gets interesting - we've got a fresh 130-minute squeeze setting up, which could be the ticket for a sweet long play. And get this, the 78-minute squeeze initially fired short yesterday, but the momentum shifted before the day was out. That's what we call a failed breakdown, and it's often a bullish sign. All in all, MMM's chart is telling quite a story right now. I use my S.A.M. scanner to find setups like this. I understand that there's some crazy volatility in the market, and it's important to be selective right now. But I am long MMM via call options, with a target above its post-earnings high, and a stop under $122. For more trade ideas like this, and how I use AI to find them, click here for the details. |
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