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3m

Understanding the Bullish Area on MMMUnderstanding 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. - The % we expect from the beginning of the movement is 19%. The expected duration of the movement is between 100 and 250 days - During the movement, we can expect corrections to provide good entry levels to catch some % of the 19% expected movement. Thanks for reading!
NYSE:MMMLong
by ThinkingAntsOk
MMM on the way to new ATH? 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 ATH level a little bit faster than previous years, or maybe we will get some correction before reaching ATH . But in short period PT maybe will be at Fibos. approx. $205. with "HH" and "HL" and creating new ascending triangle before next movements. Thank you for reading my analysis, give some support to the new TA trader with press like button and leaving some comments :) NYSE:MMM
NYSE:MMMLong
by kova137
$MMM 3M Co. - Long Term Bull Flag, Bullish Options Activity$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 by year-end Long term target: $220.00 by July'21 Note: This is NOT investment advice.
NYSE:MMMLong
by Triple_Barrel_Capital
Our Stock of the Day / 3M CompanyToday we have a short setup to take; here, we will show a full explanation of it. a) Before understanding this idea, we should take a look at the Daily chart -The price reached a major reversal zone composed of a Daily descending trendline and a resistance zone -Based on that, we can see substantial bearish potential towards the next support zone -Having the big picture clear, we can develop our setup on the 30minutes chart b) We have a corrective structure making a pullback on the resistance level and the broken ascending trendline c) We have set our short orders below "C" at 158.8 d) The break-even is on the first fibo extension e) We will close our position on the next support zone f) The risk we are taking here is 1%. Trade Safe, protect your capital, and always understand what you are doing!
NYSE:MMMShort
by ThinkingAntsOk
3m - Dividend Star - Long TradeHey everyone, 3m is one of the most suggested stocks when it comes to dividends. But also for traders there are decent opportunities atm. The stock goes along the support area, the RSI is on the buy side but not overbought but the trend aims up. The dividend is 3.5% and the company raised their dividend since the past 62 years. One could say, you can buy it now no matter what kind of investment style you have <3 Buy: Now / 162$ ( Stop: 159$ ) ( Take Profit: 182$ ) Much fun with that trade / invest! Leave a follow please, my goal is 200 :)
NYSE:MMMLong
by QuantinvestGER
2
The Other Kind of Broadening FormationIn many of my posts, I highlight the rising broadening patterns that have emerged on many of today's popular tech stocks. These of course, once complete, are somewhat devastating to those patterns' underlyings. The price action tends to fall from those broadening patterns with some force. However, significantly more rare in today's highly financialized bubble stock market is the converse pattern, the falling broadening pattern. And with 3M, that is what we see. A fundamental shift in the price action began in 2018, ending 3M's multi-decade bull market. This agrees with a general shift in tone that I see on many world indices that began in 2018. And it was at this point that it began to form it's falling broadening pattern. As with many other stocks, this will of course deteriorate significantly, however, this ends with a terrific moonshot to the upside. That of course will not be happening any time too soon, as presently, the bearish convergence on the RSI indicates to us that we have more downside to come first. But, perhaps it is in our eventual future that manufacturing in the United States will make some recovery, and perhaps this stock will reflect that when it is time.
NYSE:MMMShort
by CHTradingGroup