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 :)Shortby QuantinvestGERPublished 4
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: 3.16Longby OmolorPublished 226
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.Shortby dereckcoatneyPublished 6
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. Shortby SupremeRePublished 7
Rare investment opportunity! 3M Company buy signals3M Company looks so tasty! Monthly chart: Support line + Horizontal support level + Hammer + Nice "discount"Longby Dmitry_NikolaevPublished 6
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 .by amr_youssef2Published 2
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! Longby KlejdiCuniPublished 37
$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...Longby Needlez33Published 4
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 217.00by moukhiatPublished 4
3M [Trade Active] went long at 155.06when will we take profit? Lets wait.Longby ForexTradingSchoolUpdated 5
3M_Company SELLstocks market are under the pressure of fear of 2nd wave and again LOCKDOWN. If you found this analysis useful, please like it and share it with others Shortby MiladNasehPublished 0
MMM Long play for week of 7.12MMM looking bullish with the MACD and RSI looking upwards and with bullish volume. Would like to see 1 hour close at or above 157.88 before taking this trade. Target 1: 160.84 Target 2: 165.78 Stop: 153.68 Best of Luck, --d0xLongby Parad0x_Updated 7
MMM 3M, we have been monitoring for quite some timeEntry at 154.96 This stock was on our list 1 month ago... Lets hope we get itLongby ForexTradingSchoolUpdated 2
Price broke resistance at 162.70Price broke resistance at 162.70 price also above MA 200, MA 100, MA 50 Good to go long at market with an initial target @ 179.00 and a long term target of 191.00 Cancel trade if price closes below MA 200 (daily, currently at 159.43 +/-)Longby ClearWaterTradingUpdated 3
3m's N95 market's getting GUTTED by KN95 Chinese imports?3M's inability to deliver those large amounts of 95% rated respirators at a time when it was critically needed. This forced municipalities and essential worker facilities to source for masks elsewhere. China has HAPPILY filled that needed void with their KN95 respirator. 3m left a small space in the doorway and China has slipped right in, they produce these masks faster for less. So let's think about this, 29% of 3m's revenue comes from their safety and graphics segment. If China is cutting into 3m's respirator market what other safety equipment will they up-sell to these newly found customers, taking away further market share from the safety segment of 3m? I'll short to the bottom of the channel Shortby streetgainerPublished 118
MMM: Time for a Technical Breakout 1W (Jun. 09)X Force Global Analysis: 3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities. Analysis - What's most noticeable in 3M's weekly chart is the descending parallel channel. - Prices have been creating constant lower highs and lower lows - This downtrend has been intact even before the Corona Virus (Covid-19) situation - Prices are currently trading below the 200 Simple Moving Average (SMA) - They have also been rejected by the Ichimoku cloud resistance twice. - The Relative Strength Index (RSI) is at neutral levels, and the Moving Average Convergence Divergence (MACD) has formed a golden cross, indicating potential bullish momentum - Should we see a breakout from the current price levels through the descending parallel channel, a potential reverse head and shoulders pattern may be intact - There are two price gaps both below and above the current price level, ranging from $!35 to $244. What We Believe For the short term, a break and close above the descending parallel channel is necessary for bullish confirmation. Then, a break of the Ichimoku cloud resistance - which we have failed to break through twice- is required for further bullish confirmation. Ultimately, a break and close above the 200 SMA would confirm a further rally up to $244, where the price gap remains for the weekly chart. Trade Safe. by XForceGlobalPublished 1112
Bought MMM today as this looks like a bottom...They say never try to time a stock, this is true, as it is futile. They also say, don't try to time the bottom. That's correct, you can never time the bottom. You can however buy when you feel "the time is right". That's the case with 3M for me. Based on my chart, feel the time is right. Looking for a bounce of the 61.8% fib which has provided support previously.Longby streetgainerUpdated 4
3MMM Trade Idea - 9 June 2020 Looking into the current session, 3M Inc. (NYSE: MMM) shares are trading at $166.87, after a 2.65% increase. Moreover, over the past month, the stock went up by 12.36%, but in the past year, fell by 0.85%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. The stock is currently higher from its 52 week low by 46.32%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Specialty Industrial Machinery stocks, and capitalize on the lower share price observed over the year. The P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. Depending on the particular phase of a business cycle, some industries will perform better than others. Compared to the aggregate P/E ratio of the 25.06 in the Specialty Industrial Machinery industry, 3M Inc. has a lower P/E ratio of 19.08. Shareholders might be inclined to think that they might perform worse than its industry peers. It’s also possible that the stock is undervalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.Longby mustaqim.mazukyPublished 2