$MMM yieahhGet your post its ready. Good Risk vs Reward. Monthly RSI, MACD curling up.
Downtrend went on a clear A,B,C finding support close to the 78% fib marking a huge wave 2.
Wave 3 let me surf you with my jetpack yieahhh.
MMMC34 trade ideas
MMM Possible Wyckoff PatternMMM creating ST type bounces off of the $95 support area. Launching it into the Liquidity zone at $112. Rejecting that and pulling back towards the STs.
If it follows the rules could follow a similar path to the yellow arrow. Currently this Thesis is supported by an ongoing Weekly Classic Bullish Divergence and potential Daily Hidden Bullish Divergence so far.
Recently solving thousands of courts at once, 3M knows what they're doing and I believe Mike Roman is capable enough to turn business back around.
MMM coming to important demand zonethis demand zone at 104.85 broke significant weekly supply zone. look for long at 104.85 .
target would be around 125
DYOR before investing
MMM LongEarning 4/25/2023 (Positive)
Price near monthly support
buy 103.5
Stop 99.5
Target 112, 124
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen 2023 Aug Call butterfly C110/130/150
Limit 2.70
MMM BUYHello, according to my analysis of 3M stock. There is a wonderful investment opportunity. The stock broke the downward trend. The strong resistance at 107 was broken. Also, a very positive green candle formed on the daily time frame. Indicates a strong entry of buyers. good luck for everbody
New LogoAs you all have probably seen, we have changed our logo and name! Shortly, we will go online with our website on which were are going to provide you with free daily market updates - more than one per day.
But for the time being, let us look at the 3M chart where we can see an increasingly strong bullish impulse. It is important that the pressure is kept high until we confidently cross the resistance at $117.80. There, we should see a small setback, before the bulls take over again. It is important that the course remains above $92.38.
MMM 3M Company Options Ahead of EarningsIf you haven`t bought MMM here:
Then analyzing the options chain and chart patterns of MMM 3M Company prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $2.93.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
3M - Bullish ZoneAs per technical analysis, the 3M can be touch $116, and if it's break and close above $116 then next target will be $120
$MMM Update Parallel Trend Break OutNYSE:MMM Update Parallel Trend Break Out. One of my favorite trades this month was NYSE:MMM breaking out. This stock is a long term play. We also have a algorithm buy alert.
Excellent Opportunity in MMM above 107.05Possible trendline breakout in MMM. It may move upward as depicted on the chart if it crosses 107.05 and trades above this level for 15 to 30 minutes.
3M - BULLISH SCENARIOOver the last month, the shares of 3M Company, known for producing post-it notes, industrial coatings, and ceramics, have shown a modest return of +0.7%.
While media reports or rumors about substantial changes in a company's business prospects can cause short-term trends and immediate price fluctuations, the ultimate decision to buy and hold a stock is often driven by fundamental factors. For 3M, analysts expect earnings of $1.65 per share for the current quarter, reflecting a year-over-year decrease of -33.5%. The consensus earnings estimate for the current fiscal year is $8.73, indicating a year-over-year change of -13.6%. This estimate has seen a slight decline of -0.1% over the past 30 days.
Looking ahead to the next fiscal year, the consensus earnings estimate is $9.54, projecting a growth of +9.4% compared to the previous year's earnings for 3M. This estimate has increased by +0.3% in the last month.
While earnings growth is a crucial financial indicator, sustainable growth in revenue is equally vital for a company's financial health. Without an increase in revenues over time, it becomes challenging for a company to maintain earnings growth. Therefore, understanding a company's potential revenue growth is essential.
For 3M, the consensus sales estimate for the current quarter is $7.95 billion, implying a year-over-year change of -8.6%. The estimates for the current and next fiscal years stand at $32.11 billion and $33.35 billion, respectively, representing changes of -6.2% and +3.8%.
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$MMM Parallel Down Trend About To Reverse NYSE:MMM Parallel Down Trend About To Reverse? As this bull market progress you get sector rotation. For example profit taking in big Tech stocks. I have seen that consistently since this bull market started back in 10-13-2022, here is an example of a consumer products stock that pays a nice dividend yield.
A bearish to bullish reversal is a technical analysis pattern that occurs when the price of a stock or other asset moves from a downtrend to an uptrend. This can be a sign that the market is about to change direction and start moving higher.
$MMM - what will it be?NYSE:MMM looks to be basing inside the descending broadening wedge. There is an overhang of hearing lawsuit. It looks like a coil spring ready to release. If the lawsuit is favorable to 3M, the stock can bounce to $130. On the other hand if the lawsuit went south, it can go to $83.👀ing. No position.
3M: I Want to Break Free 💪3M wants to break free from the compound consisting of the red zone between $93.83 and $107.35 and the green zone between $92.38 and $105.93, where it has finished wave (II) in white. To achieve this, the share has already developed convincing upwards momentum, which should soon carry it out of the zone-compound and above the resistance at $117.80. There, 3M should complete wave (3) in red before a counter movement should take it back below this mark. As soon as wave (4) is concluded, though, 3M should resume the overarching ascent. However, there is still a 33% chance that the share could lose its momentum and tumble below the support at $92.38. In that case, we would have to reckon with a new low in the form of wave alt.(II) in white first before a sustainable upwards movement can start.
$92 will be MMM's strong support for long-term investor3M has made 30+ investments in start-up. One example of its investment is GrayMatter Rotobics:
GrayMatter Robotics’ proprietary GMR-AI™ rapidly automates the high-mix, high-variability manufacturing surface finishing needs: sanding, blasting, buffing, polishing, spraying, coating, trimming, and inspection
$MMM I'm Loving ItAnother wonderful long position was opened today being a 102c 6/23 expiry. Target for this is 107-109 minimum by expiration, but high hopes for 112,115,118 if the volume picks up!
Is there going to be a Big Bounce of 3M's stock ?Is there going to be a Big Bounce of 3M's stock ?
This chart shows the weekly candle chart of 3M's stock since 2016. The graph overlays the top to bottom golden section of 2018. As shown in the figure, the recent low point of 3M's stock is just 4.000 in the top to bottom golden section, and the low point in 2018 and 2019 is just 2.000 and 2.618 in the golden section! Then, in the future, 3M's stock will face a Big Bounce trend, probably breaking through the low point in 2020 and reaching a new high in 2023!
$MMM BuyMMM buyers have got in with strength and volume .
At lower timeframes there is a good opportunity to buy.
We are also in a demand area from MONTHLY!
22 R/R
Another call ideaJust bought some calls, price is going for a second attempt and I hope this time it breaks out. There are a lot buyers in the market this moment.
Calls Strike 101, exp 06/16
MMM - Forever long!Couldn't downtrend if it tried! Just collect the dividend and watch your money grow...
$MMM parallel down trendNYSE:MMM has monthly support at the horizontal line. needs to break this parallel down trend before it can start a new uptrend.
3M supportMMM has recently touched the area of previous resistance and the bottom of a parallel channel drawn by connecting the down trend swing highs. It is too early to tell whether this is a genuine trend reversal but it could be one to watch.
