MMM ascending triangleMMM, like TGT ascending triangle on descending volumes.
Not confirmed yet.
If it breaks resistance B-D, could continue
its uptrend.
Target is 152.33$.
Waiting for confirmation.
MMM trade ideas
3M Beginning to Lose SteamDistribution appears to be taking place in the daily time frame as a triple top as formed, and about to test support gained for the third time. Monthly, and weekly charts are also beginning to show possible signs of momo death. These are the swing target areas I'm interested in once 143 fails.
Long Position Break out 140,43Position Break out wave 3
Daily chart above 2 days 140,43 next target wave 3 144,49 end correction 138,80 wave 4 the next target 150,82 the wave 5 end close posisitio
Thanks end good luck
MMM - Up we go againThere is nothing much I can say but I will try to say a few things.
First of all, 3M company is one of the strongest companies in the DOW Industrial average, you can see that by plotting the Dow on the chart.
Swing trading works very nice on this stock, breakout trading too.
We had a retest of the previous resistance, now support. At this level we had an inverse hammer followed by a long day, volume not so good. Also, the pullback stopped at 38.2% fib.
Earnings are in 2 weeks so that shouldn't be a problem. Long on market open if there is no ugly gap down.
MMM Quick Money Making Trade Setup 3M Co (NYSE:MMM) has been crushed over the last couple days. While many are too scared to step up for a swing trade, I am watching the daily 50 moving average and the $124.70 level. Should this point be hit today or tomorrow (only), a long swing trade is likely to pay profits. Look for a $2.00-$3.00 bounce should the $124.70 level be tagged.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
MMM correction.MMM is in a very well defined uptrend and is currently overbought according to support and resistance and stochastics. Am waiting for a dominant bearish candle and/or the stochastics to cross below the 80 line.
Options: sell short, call credit spread, put debit spread, buying a put.
$MMM: Bear Flag SetupPay close attention as the .886 must continue to hold as resistance. If this level fails to hold resistance, get long.
Short term short targets are the .618 and .50 fib levels posted.
