MMM trade ideas
MMM; Has Coronavirus helped 3M enough to keep them above water?!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 color) for MMM on the 1 hour chart. We are hoping this is not a false breakout like we saw previously.
2. We are currently in a quite parabolic move to the upside, thankfully we have a trailing stop riding behind this move to attempt to lockin as much profit as possible.
3. We are looking for a reaction at the R1 bearish orderblock where we hope to see Breakaway Scalper go neutral so we can get in on this tear!
4. If R1 can't hold, we will be looking at R2 and R3 as expected resistance going forward.
5. S1, S2, and S3 are all acceptable levels we are keeping an eye on but any lower and well... you guys know the rest.
3M: $160 Short TargetFirst 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 sort of bearish pattern. That is why I'm setting with confidence a $160 short target, while expecting some long potential with medium risk hold.
My 3 MMMilk Shake brings all the boys to yard.. Damn rightNYSE:MMM
If ask you, “What do you Think the chart of 3M looks like?”, the maker of the highly coveted and an extremely high demand masks that keeps the population of earth alive…
Would not your reply be, “Uhh, probably UP, if I had to guess”?
This is so big, and i will sound like A conspiracy theorist, if I told you it goes all the way to the White House... Even wonder what the heck “P act” was today?
Big Potential 3M COMPANYHello, 3M COMPANY is look interesting on right now, maybe it will forcefull break for the 156.85.
Please LIKE & FOLLOW, thank you!
long term dropas you can see in chart price complete the head and shoulder and now can drop to trend lend.
3M3M has good potential for growth. Recently, the trend was definitely directed downwards. However, the company should receive large orders for protective equipment due to the coronovirus pandemic.
Targets: 165, 180, 200, 220.
The main targets: 180 and 200.
As prices rise, the 180 level is likely to act as a barrier. And there will be a very high probability of forming an inverted head with shoulders. It will also be possible to enter the position after testing the level 180, where the uptrend will be more clearly traced.
MMM - Opportunity for Short Hey guys! Here's my view on MMM:
Summary
Price bounced off a strong support, captured by the recent spike and I am expecting a further push to 168.79 before a reversal.
How I would play this trade:
Entry: 168.79
Stop Loss: 190.26
Take Profit: 97.21
Reason for my view:
There was a strong bounce off the 61.8% fibonacci retracement level, in line with previous breakout levels, as seen by the recent spike. With the $2 trillon rescue package recently injected into the economy, it could provide a temporary boost in market risk sentiment. This could see prices rally higher to test our resistance level at 168.79.
Overall bias remains bearish as price is holding nicely below its descending resistance line and 35 EMA. Fundamentally, the Covid-19 outbreak worldwide is not showing signs of peaking out, which could further impede the global recovery.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
3M to rise during coronavirus crisis3M is a medical company that is making some of the items in the highest demand on the market right now. Those are the N95 facemasks, which filter out 95% of airborne droplets for safer travel and work. These are especially important for healthcare workers as they are heavily exposed to this virus. They are also teaming with Ford (F) to make ventilators and respirators which are also in extremely high demand. They may get massive orders from governments around the world which will drastically increase their stock price.
If you find my ideas helpful, please comment and give me a like and a follow. Thanks!
3M longGood indicator work here, you can not see any price but that is not important. The two balls and staff pattern is very reliable
3M buy?From the data we see om the 3M (MMM) chart, there is a possibility that we may see an inverse head and shoulders pattern, considering 3M drops their quarterly report in april, and that they are a big producer of infection control, the fundamentals may also be with us on this one.
3M Company is Dropping 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
