MMM; Has Coronavirus helped 3M enough to keep them above water?! ✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already! --- 1. Fractal Trend showing an uptrend (Green background...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into some of my key points. I think realistically, 3M should have done well this quarter (given the time period we are in), but it looks like a potential resistance curve is breaking out and many people are expecting some...
MMM is unfortunately dropping to weekly levels. MMM is an American multinational conglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods. (Wikipedia) however the price confirmed bearish terms, and we will carry on this trend to low levels
Is It Time to Buy 3M Stock? (NYSE:MMM) 3M ramps up N95 respirator production as demand surges from global coronavirus outbreak. Demand for respirators is extremely high . To fill the surge in demand for the devices, particularly the N95 respirator, 3M is ramping up production. In Aberdeen, South Dakota, more than 650 employees at one of 3M’s largest manufacturing...
Consider 3M in your list of bargains to buy at the moment. I've read several articles that have said 3M has sold out of their masks due to the coronavirus scare and is currently paying workers overtime to meet the demand. They're hoping to have a mask output (N95) of at least 35million/month to the US alone and have ramped up their production in Asia and Europe as...
Too bad it's the weekend. Now we'll have to wait and see which way this whips! Black line: The quarterly open acting as resistance. You can see how well that goes: A covered ITM call makes sense if you're bearish. Collect the premium, cut the short sell and ride the call if you see a bounce. I can't imagine gauging where this will go next, but I sure hope it's down!
a company that evolves over time capitalizing on its people to inspire the next generation
3M trade at B 140 P Sell 145 P Sell 165 C Buy 170 C
MMM continues to show weakness in the attempt to bottom. Currently, the trend is at risk of continuing to move downward. The stock has failed to break through weak resistance in recent runs upward.
W1- Double wave down, price broke below the 61.8 level, until this breakout holds, we may expect the price to move lower towards the next critical area. D1 - Bearish divergence, price broke below the bearish flag. H4 - Price has currently broken below the last low, we may now start looking for sells with more bearish evidences.
D1 - Price has reached the top of the bearish flag, bearish divergence. H4 - Bearish divergence. H1 - Price has reached the critical zone formed by the top of the daily bearish flag pattern and the the fibo levels of the cycles. Bearish divergence. Until this critical zone holds, we may look for more evidences of bearish pressure in order to join the bears.
MMM had a massive High Frequency Trader gap down in April, but has now found support at a previous low from 2016 that is a fundamental support level. Massive Smaller Funds Volume Weighted Average Price selling occurred after the gap down. The bottom has shifted the trend to the upside.
Potential to take a long to retest the broken weekly trend line before another fall.
MMM is at a previous yearly low. It rebounded with a gap, an early sign of a potential bottom. Traders who sell short should consider this a higher-risk trade at this time.