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MMM

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
NYSE:MMMShort
by streetgainer
1
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.
NYSE:MMM
by XForceGlobal
1
MMM CYCLE SHORT: EURUSDI hope you all are enjoying the holiday. Here are our projections for EU: D: Short H4: No harmonic H1: L2 short Notice the stacked 3's in level 3 creating our PFH - M pattern. We do have an outside structure suggesting long. Even though we will be favoring the shorts it is possible for price to make a third attempt to retest the PFH. Look for clear entries during trading hours on the M15, 5 & 1. (London and NY) Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
MMM CYCLE SHORT: EURUSDWe have a beautiful peak put in on EU. We are projecting continued movement to the downside. Keep an eye out for a potential safety trade. Daily: No trend H4: Bearish Harmonic H1: L2 Have a great weekend Look for clear entries during trading hours on the M15, 5 & 1. (London and NY) Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
by Visionary17
MMM CYCLE: EURUSDDaily: Long H4: Bearish harmonic H1: L3 EU is just shy of reaching 3xadr. We could see a reversal soon. New traders, wait until the peak is locked before looking for short. Be cautious of EUR news. Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
by Visionary17
MMM CYCLE: EURUSDHey team! Our short bias did not work out yesterday. Instead, we had the price to rise away from the previous peak low. Current Analysis: Range condition Outside structure suggestion short H1: L1 long Be patient and don't be afraid to pass on EU. Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
by Visionary17
MMM CYCLE LONG: EURUSDHey guys. I hope you all had a great weekend and a Happy Mother’s Day. Always be cautious with trading on Mondays as it’s known to be a trap day. It is possible for the price to retest the peak low before rising. Daily: H4: no harmonics H1: EMA cross long, level 2 long Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Long
by Visionary17
MMM CYCLE SHORT: EURUSDAnother solid day with EU shorts. We will continue to look for shorts during London tomorrow. There is an outside structure that could anchor a possible long. Daily: Short 4H: No harmonics H1: L3 *NEWBIES: LOOK FOR SELL OPPORTUNITIES ONLY* Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
MMM CYCLE SHORT: EURUSD We had an AWESOME day today in EU. Congrats to all of those who took profit! We had very clear patterns and opportunities to enter this trade short during the session. We will continue to look for shorts going into tomorrow's session. *NEWBIES: LOOK FOR SELL OPPORTUNITIES ONLY* Daily: Short H4: No harmonics: H1: L2 short Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
1
MMM CYCLE SHORT: EURUSD Hey Guy! We have an official peak high to trade away from. We have a cross in out EMAs as well as a 72pip close away from today's open. We will be looking for continued shorts during the London session. A trap though the bottom of today's Asian range, an ID50 or a trap though the 50 figure would be ideal. Daily: Long H4: No harmonics H1: L1 short Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
MMM CYCLE: EURUSDHey Guys! I hope you've all managed to stay safe so far with COVID19. Going into the week we are seeing possible trapping behavior at EU's 3xadr as well as a "00" price point. We are currently bullish but we are looking for a reversal soon. Newbies, Be cautious of trying to guess where the peak may lock. Be patient until we have clear confirmation. Daily: Long H4: No harmonics H1: L3 long, 3xadr Look for clear entries during trading hours on the M15, 5 & 1. Manage all trades according to your trading plan. ***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time. Feel free to message me with questions and comments.
Short
by Visionary17
MMM; Has Coronavirus helped 3M enough to keep them above water?!MMM; Has Coronavirus helped 3M enough to keep them above water?! ✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already! --- 1. Fractal Trend showing an uptrend (Green background color) for MMM on the 1 hour chart. We are hoping this is not a false breakout like we saw previously. 2. We are currently in a quite parabolic move to the upside, thankfully we have a trailing stop riding behind this move to attempt to lockin as much profit as possible. 3. We are looking for a reaction at the R1 bearish orderblock where we hope to see Breakaway Scalper go neutral so we can get in on this tear! 4. If R1 can't hold, we will be looking at R2 and R3 as expected resistance going forward. 5. S1, S2, and S3 are all acceptable levels we are keeping an eye on but any lower and well... you guys know the rest.
NYSE:MMM
by AlphaBotSystem