MMM Short to 178 if no break at $210MMM in down channel and will need to break 210 with a candle daily close above the 618 line. If this does not hold Planned short to 178 Right above the .5 fib line. by rletzeiserPublished 0
MMM shares Sell IdeaMMM shares Sell Idea @Weekly Supply Zone (216.86 - 221.520) Sell Limit: 216.81 Stop Loss: 222.59 Take Profit: 196.27 Shortby Mohamed_KabeshPublished 224
3M has more room for downsideOne of today's top losers is MMM (NYSE), after the results came out the sell off began, even thou the earnings met projections. There is still some room for the downside, I will keep an eye out for this one and if it hits the trend line it may be worth getting into it, on a ride back to 240 levels.by RepuzelUpdated 2
Head and Shoulders Top FormingPossibly a complex head and shoulders top. Breakout is bearish. Shortby Alen00Published 0
Large scale look at MMMI actually am not doing anything with it. Just sharing. This is the massive pic of the 3M stock. Note that there is a large scale channel down pattern. However, I think that it will get squeezed in between the resistance of that channel down pattern and the Fibonacci retracement level, which is shown on the chart.by TheYanusUpdated 114
MMM ShortI did a discounted cash flow valuation on 3m assuming a revenue growth rate of 5%, in line with 10, 5, and 3 year historical averages and it produced a valuation of $135. A 41% downside valuation... When I saw this I questioned the legitimacy, but played around with revenue growth rates and found, that, to justify it's current valuation of $236.55, MMM would need to see top-line growth of 12% YoY. Leave a comment and let me know what your thoughts on MMM are, for now I'm short them, but would love to hear some other view points.Shortby StuartTaborUpdated 0
Is MMM setting up for more pullback?With an upward wedge following a month-long downtrend, is MMM primed for more pullback?Shortby CorrectNoCallPublished 2
MMM - Upward channel breakdown short from $221.87 to $184.70MMM Seems breaking down from an upward channel formation & also breaking down below 200 days moving average. It has fair amount of insider selling. We think it will continue downward from here. To play this we Could consider July $200 Puts (currently 2.10) * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- - Upward channel breakdown short Entry Criteria- $221.87 Exit Criteria- 1st Target $200.73 & 2nd Target $184.70 Stop Loss Criteria- $238.57 Indicator Notes- Negative Twiggs money flow index Special Note- Insider selling a few 29-36% selling. Could consider July $200 Puts (currently $2.10) Please check back for Trade updates. (Note: Trade update is little delayed here.) Shortby AcornWealthCorpPublished 2
MMM Correcting down, respecting fibs and support levelsI'm seeing Bullish divergence that is currently playing out. Expecting to see a bounce up to 224-236 range, then get rejected by the .236 and head back down to test 197by matterteaPublished 3
3M shares Buy IdeaMMM Monthly Buy idea @ the Demand Zone (210.60 - 200.57) Buy Limit: 210.75 Stop Loss: 196.16 Take Profit: 234.51Longby Mohamed_KabeshUpdated 6
MMM - Upward channel breakdown short from $221.87 to $184.70MMM Seems breaking down from an upward channel formation & also breaking down below 200 days moving average. It has fair amount of insider selling. We think it will continue downward from here. To play this we Could consider July $200 Puts (currently 2.10) * Trade Criteria * Date First Found- March 23, 2018 Pattern/Why- - Upward channel breakdown short Entry Criteria- $221.87 Exit Criteria- 1st Target $200.73 & 2nd Target $184.70 Stop Loss Criteria- $238.57 Indicator Notes- Negative Twiggs money flow index Special Note- Insider selling a few 29-36% selling. Could consider July $200 Puts (currently $2.10) Please check back for Trade updates. (Note: Trade update is little delayed here.) Shortby AcornWealthCorpPublished 3
MMM bullish gartley formed on the 4hr. Buy signal profits @230A bullish harmonic pattern has formed on the 4 hr for 3M in the first of what i suspect as a 5 wave correction based on the length of the bull run. look for profit taking at 230 and a short from there to 200.by rletzeiserPublished 3
3M just ranging3M just ranging at the moment, but where to break the triangle? What do you think about it? Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!by wildcreamlifeUpdated 2
MMM no breakout so far!MMM , one of the "BigFive", retracted 0,236, but this could be not enough!Shortby wolfahUpdated 3
3M-LongThis chart shows that a MACD crossover will happen soon and recent price action is positive. This follows the Dow and could see resistance at 240. However, this company has better than expected earnings and strong growth. Therefore I am long with calls. Up 70% in three days. Target is 249. Happy hunting. Longby ramonbenavides12Published 1
3M possible shortPlaying Trading Simulator Game: If it gaps down (opens lower than yesterday's close) we may get panic selling, which will drive the price down.Shortby dzynr64Published 2
3M aimed at 242Just like on many other stock charts, the 3M has begun a decline because of encountering a resistance line of a long term trend (yellow line). The trend is best observable on the weekly chart. (Too bad that the resulting decline in a short term channel down pattern (black lines) erased the profits created by the beat earnings.) Before you read on, note that I am biased, because I like the fundamentals of the company. Their stuff is one of the type of products that nobody talks about but everybode uses and will use. So in regards to the technicals of the charts. The pair got to the previously mentioned massive resistance by going in a medium scale ascending wedge. Yes, I know that they are rare and usually those are bad drawn channels, but this thing had wedges, that have created a large parabolic advance. An advance that should have eventually create a descent. Initially I expected that there will be a retracement later on, but Trump's memo has caused a sell of and so the retracement has begun. In general we have a short term channel, which is aimed to reach the support of the medium scale wedge. The support is located at the 242.00. I will be watching that level to see whether we will have another attempt at the yellow line and a half a month surge, or the stock will drop to reach for new low levels and form a new medium scale pattern. However, there is one interesting aspect that keeps bugging me in the back of my head. Look at the horizontal line at 245!!! It provided support before the earnings call, and the price ended the session at that level on Friday. I tried drawing fibos with various low and high levels or find any other justification, why did someone kept buying at that level and kept the price up, but failed. If anyone has any input in regards to that level, please send a PM or better yet, post a comment. Yours sincerely, Y P.S. marking the idea as long, because I am still staying long at the time of writing. However, will notify, if I close up the position. (It would occur, if the 242 is passed.)Longby TheYanusUpdated 3