MMM trade ideas
Understanding the Bullish Area on MMMUnderstanding the Bullish Area on MMM
- On MMM, the price has broken a key resistance zone (now working as support), and we want to find similarities to previous situations to project possible scenarios.
- We can see that every time the price either bounce on the zone or broke it from below, we had a bullish movement towards the next resistance zone.
- The % we expect from the beginning of the movement is 19%. The expected duration of the movement is between 100 and 250 days
- During the movement, we can expect corrections to provide good entry levels to catch some % of the 19% expected movement.
Thanks for reading!
Bullish on 3M: +3.51%3M Company rallied this month, gaining 10% and breaking its 52-week high.
It’s one of the companies we always follow at Cindicator and regularly post questions to Hybrid Intelligence.
Based on the recent volatility, we asked a question with the following targets:
“The shares of 3M Company (MMM) settled at 193.10 USD at 08:00 PM UTC on Thursday, March 25. Will MMM trade above 199.88 USD (+3.51%) earlier than trading below 186.32 (-3.51%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 80%
This suggests that Hybrid Intelligence sees a higher likelihood of the upward trend continuing before any correction.
3M Company (MMM)3M reported better-thanexpected sales and earnings, the top line increased 4.5% (ahead of our 2.7% estimate), but costs pulled the bottom line down 10.6% from the previous-year tally. The stock continues to trade at a discount to multiyear highs and offers worthwhile risk-adjusted 3- to 5-year total return potential at this juncture.
Investors/swing trader play I think this is a great buy if your looking to invest over the next few months. Trades may not be Intrested because I think it will be a fairly slow grind up.
Triple M Triple Bigly by the end of the yearNot exactly triple bigly, but still bigly
Nice channel we're following
MMM on the way to new ATH? Why you want to be long - MMM came up in new trend in 2016. and made ATH 2 years later in 2018., after he fell on support line on 2020. due to the corona crisis
As we can see It was take 2 years from support to the resistance levels and again to support. We are coming in 1/4 of year and MOM is a halfway to ATH .
What we need to do now is looking will MMM get on ATH level a little bit faster than previous years, or maybe we will get some correction before reaching ATH .
But in short period PT maybe will be at Fibos. approx. $205. with "HH" and "HL" and creating new ascending triangle before next movements.
Thank you for reading my analysis, give some support to the new TA trader with press like button and leaving some comments :)
NYSE:MMM
3M COMPANY LONG POSITION with 6% RETURN expected3M COMPANY is showing a nice support area at $168 holding the price as expected.
At the open a LONG POSITION is possible with a potential of a +6% RETURN at $178
Holding the position longer can bring higher RETURN
3M earnings tomorrow at 6:30am3M earnings tomorrow at 6:30am. My range is $163 low, $171 mid, $179 high.
4th Quarter December 2020
Consensus =
EPS: $2.19
Revenue: $8.49 Billion
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com
MMM 3M Company Stock Technical Analysis of Price by Z4Zachary Speculation into the future.
TRADING IS NOT SUITABLE FOR EVERYONE.
If you don't know what you're doing... TRADING CAN CAUSE YOU TO COMPLETE LOSE ALL OF YOUR MONEY.
Comment if you feel like it and have a great day!
This is an example chart demonstrating how I may choose a strike price when purchasing stock option puts
If you don't know what that is then you should trade demo.
