Why Did 3M Stock Soar Despite Tariff Clouds?Shares of industrial giant 3M Co. experienced a significant rally following the release of its first-quarter 2025 financial results. The surge was primarily driven by the company reporting adjusted earnings and total net sales that exceeded Wall Street's expectations. This performance signaled a str
Second trade paper trading Bought 1 contract then bought 9 more when it went in my direction.
Looked at smaller timeframes for entry (15m, 5m etc and I looked at higher time frames for the trend such as 4hr and 1hr.
Waited for confirmations and then entered the trade.
Sold put and made $.
Second day in the row.
Entere
3M Wave Analysis – 27 March 2025
- 3M reversed from resistance area
- Likely to fall to support level 147.00
3M recently reversed down from the resistance area between the key resistance level 154.00 (which has been reversing the price from the end of January) and the upper daily Bollinger Band.
The downward reversal fro
3M: Higher High ExpectedAt the start of the year, MMM continued to rise higher before the rally temporarily transitioned into a consolidation phase. February brought slight downward pressure, but after a brief spike back to $141 last week, buying interest returned noticeably. This triggered a strong upswing, with the stock
MMM Technical Outlook: Potential Buy SetupMMM is in a strong bullish uptrend after finding support around the 76 zone in March 2024. The stock has posted positive earnings for four consecutive quarters, meeting expectations. Trading above the daily trendline, it's likely to fill the gap formed after January earnings, setting up a new higher
Larger corrective structure over, impulse move upNYSE:MMM has been on a corrective phase since 29 Jan 2018 peaks and it has been on a extended double three corrective wave based on the weekly chart shown. Furthermore, the stock has also broken out of the corrective descending channel, which marks the end of the corrective move. Currently, the sto
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