$MMM Like the chart, watch for a gap fill in the next 2 months.This chart looks good, been consolidating with IHS, and somewhat of a rounded bottom. Plenty of volume.
MMM trade ideas
MMM long MMM, has finally shown that it can trend higher from now onward. In the past few months, the stock has tried to break the green Resistance line at least twice, but it failed. In the last attempt, however, it successfully broke the Resistance. To me, it looks like this is a valid signal to take a long position because if you take close look to the volume, where the green arrow is pointed, you see a large number of shares exchanged when the Resistance is broken. My target price will be $195-200
$MMM Bullish upgrade from JP Morgans TusaEntry level $177.50 = Target price $198 = Stop loss $171.050
Analysts upgrade details
JPMorgan's Tusa upgrades 3M on Neutral on 'more stable' 2020 earnings JPMorgan analyst Stephen Tusa upgraded 3M to Neutral from Underweight with a price target of $150, up from $143. The stock closed Friday up $3.22 to $175.37. While PFAS chemicals litigation remains a risk, investor focus for the time being will shift towards fundamentals "as the relative earnings revision curve is probably more stable now," Tusa tells investors in a research note. This is helped by a potential uptick in electronics, says the analyst, who raised his 2020 estimates for 3M
Source . thefly.com
3M resumes its trend?We have a three-wave pullback, a rather deep one.
An a try to grow, via a first impulse to the upside.
At least, it will draw a larger corrective structure
3M - Inverted Head & Shoulder & MA Compression3M may develop a strong movement in the next weeks. Buy & Sell opportunities may arise.
MMM Close to Long SetupNYSE:MMM
MMM needs a micro abc retrace to the .618 -.786 retrace into the 167.75 region. Several support lines converge in that range to assist the fibonnaci retracement level. If target zone is reached, going long for target between the 1.382 to 1.618 projection area around 189. Stop below the previous low around 162.12. Reasonable 3.5 risk reward with an expected timeline end of Nov 2019.
3M MMM: $171 from Post it To Medical Solutionsa company that evolves over time capitalizing on its people to inspire the next generation
MMM Bottoming Formation Continues RetestMMM hit its final low, moving below the previous lows on a retest in the bottom formation. The run up defines the beginning of a Dark Pool Buy Zone™.
Buy and sell opportunityBuy and sell opportunity: wait for a bullish and bearish reversal in buy and sell zones respectively.
Trend analysis:
Monthly - down
Weekly - down
Daily - up
Hourly - up
Long-term opportunity: short
Short-term opportunity: buy
$MMM Reversal trade opportunity on trade.Entry level $159 = Target price $191 = Stop loss $149
Currently sitting on multiyear support and positive momentum on trade could ignite a sizable reversal.
MMM is probably one of they stocks to have suffered the most in the past 18 months, but management must also take some of the blame for that.
MMM Trading RangeMMM has traded in this channel 87.5% of the time. Objective long opportunity after this latest bounce.
Interesting Level On MMM For Long Term Investors3M is currently consolidating at a long term trend line/long term moving average (100 Monthly SMA)/ and a yearly pivot level. With 3M offering an attractive dividend yield and being at an attractive level it may be a good fit for some long term investors portfolio.
MMM Bottoming Attempt FailsMMM continues to show weakness in the attempt to bottom. Currently, the trend is at risk of continuing to move downward. The stock has failed to break through weak resistance in recent runs upward.
MMMWill 3M go all the way to fill the gaps.
Targets - follow the FIB-lines and if price action has past above this will be new support area.
More Dark Day Ahead for 3MShort since on the top and short more now at 161.45 STP167.80, Aiming at 145.xx
MMM double bottom/morning star reversal swing tradeI like the double bottom bounce off support as well as a morning star reversal pattern set up. I'm looking to buy a pullback anticipating a move higher. Just a thought. Could work, I know my risk and if it doesn't work, it will be a small loss with a pat on the back for a good try.
3M Sell IdeaW1- Double wave down, price broke below the 61.8 level, until this breakout holds, we may expect the price to move lower towards the next critical area.
D1 - Bearish divergence, price broke below the bearish flag.
H4 - Price has currently broken below the last low, we may now start looking for sells with more bearish evidences.
