4MMM trade ideas
buy at support? H-MMM200 week moving average and a trendline that has supported since 2012. If the trend breaks you just exit with a small loss, i think it could be a good buying opportunity.
3M Sell IdeaW1 - Price is at the top of the range.
D1 - Bullish cycle, bearish divergence.
H4 - Bearish divergence, if the price moves lower and breaks below the low shown in the chart, we may then start looking for sells with more bearish evidences.
Finding better support and demand zone3M general trend is still bullish but in order for a greater rally ahead, the market is currently showing signs of bearish correction.
- RSI showing strong bearish divergence.
- two potential demand zone spotted at 38.2% and 61.8% of the Fibonacci retracement.
3M US STOCKSLooking to BUY US Stock 3M if price breaks above the upper channel
ENTRY - 211.25
STOP LOSS - 207.95
TAKE PROFIT 1 - 213.86
TAKE PROFIT 2 - 216.21
3M (MMM) Bear Flagging into EarningsIn this January bullish market, bear flag breakdowns have mostly led to flat lines rather than massive drops, but given 3M's China business, and a week already full of dismal earnings reports, it can be expected that this bear flag will play out as a minor decline in the short-term stock price. There is fresh demand in the low to mid 180's, and even if it falls below our target of 187 (very possible), it will likely bounce back into a mid-range demand zone.
I'd short it with or without earnings tomorrow.
MMM:NYSE Bullish Shark MMM Bullish Shark
Market: MMM
Time Frame: 240
Predicted Direction: long
I will order pending buy stop at @192.11
goal @204,35
SL @182.89
MMM updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Dow Stocks 3M (MMM)A bit more volume traded at higher level, some more tested supports and resistances
VPVR only checked at the monthly levels, I don't think daily and weekly will matter to much in the downtrending market
Blue == Monthly
Red == Weekly
Pink == Daily
3M dark day ahead Short on Support Break, Target 160A complete head and shoulder formation has been completed, and rebound on support, but which has been broken once, the next time testing that support will be a land slide down to 160.
3M - Macro outlook and planI am starting to develop a framework for how I manage my portfolio.
Here is a glimpse into the TA/FA view, and summaries I am preparing for each chart, to always know where I'm at, relative to a company I'm invested in, or any asset I might be speculating.
Charts will be directly associated with a spreadsheet, where I'll organize my asset mix, sizing, and positioning.
$MMM - Retest of the UTL, Now DOWNLast week was a retest of the uptrend line resistance. Planning to enter puts on Monday with a stop loss above the h/s neckline.
My stop loss/ price target is on the chart.
MMM Earnings playAfter bearish lead into Earnings and positive Earnings reports in the sector. With an $8.19 market maker move. A long call option here would be a good play.
MMM71 Fundamental score.
Could pose wonderful shorting oportunies if the S&P continue down at market open
$MMM Rising Wedge Pincher PLAY w/ 200 MA LOOMING!$MMM is your stock if you like rising pincher plays.... trend lines on price action shown in black on this chart... treding upwards and making higher highs and higher lows, but the 200 MA is looming of SO many stock within the DOW30 right now on these DAILY charts... if it is respected by the price action... the likely outcome will be prolonged stagnation moving forward with expectations of a solid 2019 fiscal year ahead within the US economy.... IF THE 200 MA gets busted with som UMPF... well the price will then climb in my opinion... watch how the price busts out of the rising wedge demonstrated by the trend lines in black... if price goes through upward trend line; expect BULLS TO RUN... if bottom wedge/trend line is busted... TIMBERRRRRRRR! lol
3mJK I expect this to start ripping up to close out the year break the 217 level and close over will see steady movement up. That stop run signaled up side. Your good!
