3M COMPANY (MMM) DailyDates in the future with the highest probability for price direction reversals
MMM trade ideas
MMM rebound setup...attempt #2 (hopefully adjusted for Corona)Same underlying theory as my last post on this one except the price point is more closely on point to historical movements. Taking a starter long MMM position with some short-term puts as a safeguard in case this isn't the bottom.
Beware the bear marketMMM and many others have been in a bear market since 2018. The virus toppling the big 5 tech will show you the TRUE weightage of the spx500 and the dow jones. TVC:GOLD up tremendously because of it and gold miners will inevitably follow. Prepare for complete index and index fund collapse. hedge with inverses such as NASDAQ:SQQQ and TSX:HQD , TSX:HUV and finally TSX:HGU longing gold and gold miners.
MMM XYAB and bullish gartley combination longMask factories around the world are facing very strong demand for Coronavirus.
For those in Asia that have been publicly offered, the stock prices had already soared for a while.
Meanwhile, 3M didn't really follow this topic in its stock prices but is still worth noticing.
Here we got this harmonic patterns combination with an inside day.
This inside day breakout trade would interest me a lot.
Let's see how it goes yo!
Hope my chart helped u to find resistanceSame chart from yesterday, down right hitting at resistance
Long way to goLot of resistance to clear , i hope it will make it to 170 to clear its way to the next ride
Long MMM for next month or soLooking for MMM to give a rally back up to the supply above. Wrong if it drops below 163is.
3M Prediction, Betting more sales on Virus MaskNo offense, due to the high volume factory orders on their Virus Mask, 3M should do well on their next earning report.
This corona virus is gonna last for a while....so...store some virus masks now
3M- bearish correction aheadRising wedge and bearish evening star formation are rocking the stock today. Hold steadfast to your shorts!
Potential $MMM Long Setup Forming --> Give It A Month Or So... The $MMM monthly chart seems to be showing a few signs of consolidation on the 1M chart, with the RSI pointing to a potentially large upwards thrust soon:
On top of that, we have further signs of consolidation on the weekly chart, hitting almost the same bottom twice, with decreasing volume since one of the largest volume candles in the past 5+ years (on the first bottom from the fall):
On the daily, we have reclaimed the 50EMA, though we seem to be a bit overbought here:
I imagine that we will look to either build support off of the 50EMA, or drop back down into this consolidation range for a few more weeks. I think that this could be a good position to scale into for long term growth, provided this trendline does not break.
I have not chosen an entry yet, but will be watching this stock closely over the next few weeks for more signs of consolidation and potential breakouts to the upside. Any bounces in the $153-$157 area seem to be a very safe buy provided we do not break the trend or make a lower low on the 1D. As long as we are in this consolidation zone below, I think you are safe to accumulate or look for good long entries on put spreads when volatility likely cranks up soon, as even sideways action could get you paid:
MMM DippyDip supported by the 200MA, may be forming H&S but I doubt it in these market conditions. Negative momentum has increased rapidly, expect a return to the mean. Volume of shorts and longs is steadily increasing.
Long Idea2/Jan/2020 10:00 AM AUTHOR: Brandon Gum
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I doubt it will work but going to log it.
Better ideas out there
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