Bearish Divergence on 3MBearish Divergence on MMM, also near resistance level. Price target should be about 126 before it possibly hits support
MMM trade ideas
3M Company (MMM) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the US company 3M Company (MMM). The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, U.S. health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products,electronic circuits, healthcare software and optical films. The Falling Wedge has broken through the resistance line on 27/07/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 27 days towards 155.52 USD. Your stop-loss order, according to experts, should be placed at 125.60 USD if you decide to enter this position.
3M Co. said it would spin off its healthcare business as a public company and sought bankruptcy protection for a subsidiary that once produced military earplugs that thousands of veterans now blame for damaging their hearing.
The moves Tuesday attempt to address the industrial conglomerate’s lingering overhangs with sluggish growth of its businesses and an increasing exposure to costs for lawsuits.
The company said it has committed $1 billion to fund a trust to pay claims about its earplugs and $240 million to fund expected expenses related to the cases. 3M said it would provide more funding if required. The company filed for bankruptcy for Aearo Technologies, a subsidiary that once made the earplugs, as a way to fence off the litigation from the rest of 3M.
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$MMM with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MMM after a Negative over reaction following its earnings release placing the stock in drift B .
MMM SELL +Earnings spike caused overbought indicators on several time frames and charts, high stochastics, high daily rsi, bollinger bands pierced, gap to fill with cloud resistance. Looking for small scalp. Bought puts this morning around $144 range. Bought August 19 $142 puts. Traders should be wary of buying bear market rallies most stocks today will be lower in a few months. GL
$MMM Longterm Investing OpportunityIs 3M currently a good Stock for a Dividendportfolio? NYSE:MMM
$MMM is coming closer to a level where it's getting interesting for buy opportunities. The overall structure is still bullish on the monthly as well as on the weekly. The orderflow on the weekly is currently corrective as price is inside a very clean pullback (PB)
The stock has been consolidating for the last weeks, which is a good sign because it is building liquidity on the bottom side, which we expect to get taken out before continuing to the upside.
So from the technical side, we can start ticking the boxes if price sweeps the Liquidity that it is currently building up.
From a fundamental perspective, 3M is getting closer to the fair value price, which is an additional confluence for me to open up long-term positions. It will be a good fit for my Dividendportfolio.
I'll make an update if the stock makes significant changes in pricing.
$MMM - great company at a nice price$MMM keeps catching my eye. It has hit a low and is rebounding. Like a magnet it needs a pull back to the 200 MA
Entry is now, its on an hourly support. Hold for 10% swing trade.
3M Company (NYSE: $MMM) Trading Near Multi-Year Lows ⭐3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.
MMM - 3M a Decades long StalwartIS puking all over itself...
Select DOW components are providing rather large warning signs.
Ignore them and it could turn out costly.
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Clinging to the past is probably a bad idea... by any indication.
MMM Swing Ideamulti-month consolidation with MMM - ranges tightening, and with markets looking like a potential bottom has occurred (even if temporary) we may find enough gusto to break out.
Targeting approx 167+
starter position in October calls, looking for 155+ for size.
Obviously, this is not trading advice, just personal journaling of thoughts at this time with the information/candlesticks & indicators available.
This won't be one I follow closely - moreso one where we just set some alerts for 153, 155+ and ignore it until we hear that *ding*
MMM - Wedge Breakdown
Rejected VMA and wedge breakdown
Price might find some buyers at the bottom of the wedge, but rollover more likely at the MAs diverge.
IF, Price can consolidate above 140, can reverse and head higher, so patience is warranted on the both sides.
$MMM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MMM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
Breakout of a wedgeThe MMM.COMPANY broke the wedge and expected to continue in its downtrend until 134.70
MMM Bullish Thesis3M at the best value in 10 years, give me every share of this giant. Could certainly go lower, but will pay dividends (literally) in the future!
MMM 3M for an oversold bounceBought March 18 $147 calls. Stock is way oversold on daily and weekly technicals on a good solid company.
MMM: Oversold MMM bounced off it's 3.618 fib retracement. Look for the gap to be filled on MMM. Targets are 152-154 in the short term
Not financial advice
Time to buy!Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. globally downtrend
3. no report in the following 2 weeks
4. approached with a big bar
5. way down with rollbacks
6. level of a rollback
7. enough room for a move 1 to 5.1 risk/reward
8. yesterday good news "3M guides for 1%-4% sales growth in 2022, in line with estimates"
9. the price came from above
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If it does make sense to you, press a thumb up! 👍
MMM - Wedge breakdownlosing all MAs on all bigger timeframes...increasing selling volume just confirms the bearishness. might find support around 156, but any bounce should be transient and selling opportunity.
mmm buy3m buy .. buy after the break and above the resistance level and 50 ma at 180.51 .. first target 192.22 .. finally target 202.00
