3M COMPANY SHORT📉 NYSE:MMM SHORT H4
🛒SELL BELOW = 157.95
🎯Target1 = 155.35
🎯Target2 = 153.75
🎯Target3 = 151.15
🛑Stop loss or cancel trade = 162.15
🙈Recommended risk = (1%-2%)
#MMM #MMMSHORT #SELLMMM
MMM trade ideas
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!
$MMM - choppy but a good overall strong buy$MMM has taken a hit in from the market uncertainty.
Although the ATR is wack from massive selling, the stock overall is a strong stock with PE below 20
Once the stochastic reverses and the market corrects, it could be a nice addition both short and long term
MMM LongI have posted a chart for this company few weeks back. MMM to me looks very intersting. Downtrend from 2018 is being broken after a long consolidation. Price just broke out of it today in a market down day. High volume. Trend indicators are showing momentum.
Good company with fundamentals trying to turn around. F/PE not so attractive. But EPS expected to grow next year as we come out of Covid-19. I have not done any big research on its long term fundamentals but technical analysis is calling for a buy. This is a dividend paying stock. So liked by many. This is just an opinion and not a buy or sell recommendation. All posts are for educational purposes only. Please do your own homework before putting your hard earned money on the line.
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 :)
3M - MMM - Long IdeaI was asked about this chart and the technicals look great! Obviously this is a longer term play, but look at those areas of interest.
3m looks like it's getting ready for a run to the long side.Beautiful Medium term downtrend which was a correction when you see a larger picture is now broken after the consolidation. this new trend before the breakout started with completion of a Fib retracement. My only worry is I see market coming down for next few days which may impact on the strength of this stock. No matter what 3M is a good name. Would love to own at a cheaper price. This is just an opinion. Do your own homework before buying or selling any financial assets.
M3 short nowHey everyone,
M3 testet the trend-/resistance levels multiple times and chances are good that happens again.
Entrance: As soon as the opening confirmes the incomming sells.
Stopp: 163,60$
T/P: 152$
Much fun and good luck
Leave a follow please, my goal is 200 :)
MMM - Channeling ReversalNYSE:MMM
SWING TRADE
MMM showing signs of a reversal in it's current channeling pattern.
(An elaboration of my previous idea)
Reasons:
1. Potential 4th bounce off support
2. Crossing of 9 & 50 MA
3. Large bars previously pushing down
4. Huge Volume down trending ending bar
5. Recently crossed up RSI 30
6. MACD cross over signal below 0
Entry: 151.18
Target: 159.06
Stop Loss: 148.75
Risk Reward: 3.16
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.
Potential AB=CD Pattern $MMM$MMM Has gapped down off of earnings and is trending down. It pulled back intraday to the .382 Fib Retracement level and stalled today at the .618 Fib Extension. Looking to get one more push to the downside at least to complete AB=CD pattern. It could push further though.
Rare investment opportunity! 3M Company buy signals3M Company looks so tasty! Monthly chart: Support line + Horizontal support level + Hammer + Nice "discount"
Technical view of 3MHello every one
3M stock is moving in a short-term bullish direction.
Continued respect for the uptrend line leads to 182 levels.
Negativity by breaking 156 down.
Good luck .
MMM: Bullish setupBullish setup
TP 1 @ 164
TP 2 @ 167.86
Please don't forget to FOLLOW , LIKE and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
$MMM to $170It broke out of a descending triangle and if there's any company profiting during this pandemic it should be reasonable to think the company manufacturing PPE is doing well. We'll see in earning's on Tuesday. I think the trend will continue...
uptrend closeup 163.30 buy 1 target 176.00 2 target 188.00 3 taruptrend closeup 163.30 buy
1 target 176.00
2 target 188.00
3 target 205.00
4 target 217.00
