2M chart for MMM is flashing a macro bottoming signal. As you can see, if one were to buy each time it flashed, it wouldn't have been a bad trade. I thought it was interesting and thought I'd share.
3M Company with ticker MMM has been trading bearish for the past 5 years, actually since the beginning of 2018, where we see a completed higher degree wave III.
The wave structure from 2018 highs is in three waves A-B-C, which indicates for a higher degree wave IV correction. We can now see it sitting at interesting 90 support area, especially if we consider...
NYSE:MMM Breaking out of the descending broadening wedge. Oscillators are in uptrend.
Targets:
- $120
- $130
Downside risk:
- $95
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Get your post its ready. Good Risk vs Reward. Monthly RSI, MACD curling up.
Downtrend went on a clear A,B,C finding support close to the 78% fib marking a huge wave 2.
Wave 3 let me surf you with my jetpack yieahhh.
MMM creating ST type bounces off of the $95 support area. Launching it into the Liquidity zone at $112. Rejecting that and pulling back towards the STs.
If it follows the rules could follow a similar path to the yellow arrow. Currently this Thesis is supported by an ongoing Weekly Classic Bullish Divergence and potential Daily Hidden Bullish Divergence so...
Earning 4/25/2023 (Positive)
Price near monthly support
buy 103.5
Stop 99.5
Target 112, 124
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen 2023 Aug Call butterfly C110/130/150
Limit 2.70
Hello, according to my analysis of 3M stock. There is a wonderful investment opportunity. The stock broke the downward trend. The strong resistance at 107 was broken. Also, a very positive green candle formed on the daily time frame. Indicates a strong entry of buyers. good luck for everbody
As you all have probably seen, we have changed our logo and name! Shortly, we will go online with our website on which were are going to provide you with free daily market updates - more than one per day.
But for the time being, let us look at the 3M chart where we can see an increasingly strong bullish impulse. It is important that the pressure is kept high...
If you haven`t bought MMM here:
Then analyzing the options chain and chart patterns of MMM 3M Company prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $2.93.
If these options prove to be profitable prior to the earnings release, I would sell at...
NYSE:MMM Update Parallel Trend Break Out. One of my favorite trades this month was NYSE:MMM breaking out. This stock is a long term play. We also have a algorithm buy alert.
Over the last month, the shares of 3M Company, known for producing post-it notes, industrial coatings, and ceramics, have shown a modest return of +0.7%.
While media reports or rumors about substantial changes in a company's business prospects can cause short-term trends and immediate price fluctuations, the ultimate decision to buy and hold a stock is often...
Once again here we have a well known brand.
These charts usually follow the pattern they seem to
Be creating with big brands.
It has like a weight to it creating a stabilizing feature.
Let's see how far down this goes. A psychological
Level is 100.00 simply because of the number.
NYSE:MMM Parallel Down Trend About To Reverse? As this bull market progress you get sector rotation. For example profit taking in big Tech stocks. I have seen that consistently since this bull market started back in 10-13-2022, here is an example of a consumer products stock that pays a nice dividend yield.
A bearish to bullish reversal is a technical analysis...
NYSE:MMM looks to be basing inside the descending broadening wedge. There is an overhang of hearing lawsuit. It looks like a coil spring ready to release. If the lawsuit is favorable to 3M, the stock can bounce to $130. On the other hand if the lawsuit went south, it can go to $83.👀ing. No position.
