MMM short after failing to break above 200 ema on Day candles

10 thg 12, 2023

MMM has constantly failed to hold above the 200 ema on the day candles. I will be taking small positions averaging in. If there are a few open and closes above the 200 ema I will cut losses. Buying 100 and 95 puts for February

11 thg 12, 2023

Ghi chú

price is holding above the 200 ema. Watching closely and will be doubling down if we can get a flush below, or I will sell if we continue to find support on the 200 ema. I am a little concerned with this short based on the overall markets bullishness right now, but i have to stick to my technical and see that it has been getting rejected here for months now.