3M has been in a strong downtrend that I believe is just a long winded pullback but we're not there quite yet, right now things look bad to me, both short and long leading clouds are bearish on shorter timeframes with the long leading cloud about to change over to bearish on the weekly.
Hello everyone, Today i want to share which you my idea on 3M. The structure of the price look verry bearish, and now the price try to bounce on the previous structure and get rejected. So we have a good location for a short entry. The target is on the previous support, and close to an AB CD. For the more greedy of us, you can try to entry at 176.57
Yesterday, on a large volume, MMM jumped out of the protorgovka, which resembles the figure of an "inverted head and shoulders". Today, the price opened up with a gap. The nearest target is 191.5 (3.8%), and ideally the maximum of the third wave (13%) should be updated.
Nice inverse head and shoulders forming on the daily. MACD also looks like it wants to flip too. One thing to note is the potential rising wedge pattern forming after quite a large drop. (bearish) Must wait for confirmation before considering an entry.
$MMM, $AMP, $GOOGL, $GE, $AMD, $COF, $HAS, $V, $TWTR, $UPS, $RTX, $NVS $MMM - 3M - reported EPS of $2,45/share - beat estimates of $2.21/share - revenue of $8.94B +7.09% YoY Organic local-currency sales up 6.3% YoY Operating CF of $1.9B Adjusted FCF of $1.5B (20%) YoY Returned $1.4B to shareholders in dividends Industrial FCF tops estimates Narrows FY21 EPS...
Industrial giant 3M will publish its Q3 earnings on Oct. 26. As always, quarterly earnings reports help shape investor thinking, whether it's near-term or long-term. Unfortunately, 3M management isn't likely to give investors much good news regarding near-term trends, but what about the long-term outlook? Here's what you should know before the earnings report...
The company is 3M (MMM). According to all estimates and proportions, now the price in 3M is in the 4th wave in the form of a triangle. The price is at the lower border of the triangle, there have already been false takeaways down. I propose to consider buying it in the continuation of the 5th wave with the goal of expanding on the first wave of Fibonacci 2.618, or...
MMM stock confirmed the formation of an upward sloping trend line on th weekly timeframe showing to what extent the bulls are in control of the trades pushing the prices higher. Price Targets: $201.35 - $206.55 - $216.35
Filled @ $1.46 - Buy Jul-16-21 $220 Strike Call Added to existing long call. NYSE:MMM
Understanding the Bullish Area on MMM - On MMM, the price has broken a key resistance zone (now working as support), and we want to find similarities to previous situations to project possible scenarios. - We can see that every time the price either bounce on the zone or broke it from below, we had a bullish movement towards the next resistance zone. - ...
Bearish wedge, negative divergence for the RSI...
Looks like stock is done with its correction of 2.5 years. Can provide great results in 2-3 years.
Why you want to be long - MMM came up in new trend in 2016. and made ATH 2 years later in 2018., after he fell on support line on 2020. due to the corona crisis As we can see It was take 2 years from support to the resistance levels and again to support. We are coming in 1/4 of year and MOM is a halfway to ATH . What we need to do now is looking will MMM get on...
Speculation into the future. TRADING IS NOT SUITABLE FOR EVERYONE. If you don't know what you're doing... TRADING CAN CAUSE YOU TO COMPLETE LOSE ALL OF YOUR MONEY. Comment if you feel like it and have a great day! This is an example chart demonstrating how I may choose a strike price when purchasing stock option puts If you don't know what that is then you...
I am long in 3M
Re-entry 3M
$MMM 3M Co. - Long Term Bull Flag, Bullish Options Activity 3M slowly approaching a break out of a long term bull flag pattern on the weekly chart. Monitor for a close above $171. Bullish Options Activity: $5.3 M in $165.00 strike (ITM) Dec'20 calls traded today (18x OI) $3.9M in $170.00 strike (OTM) Dec'20 calls traded today (8x OI) Medium term target: $182.00...