Loading up on MMMBuying this high dividend yield stock as we are testing the support with very high volume.
MMMC34 trade ideas
MMM 3M Company Options Ahead of EarningsLooking at the MMM 3M Company options chain, i would buy the $120 strike price Calls with
2022-11-4 expiration date for about
$1.68 premium.
Looking forward to read your opinion about it.
Did it reach the bottom?Its sitting right on weekly support now. It could have reached the bottom. There is also huge volume recently. It could hit 150.
MMM. Long Term ShortMMM has been dying since I found it at $129. It has broken past both targets(Refer to previous MMM ideas).
MMM is definitely down trending. Most likely it'll continue this way unless, there is a catalyst(positive news, etc)
My next short term target price is $104.
I do believe that we'll see $90 in the next 30 days.
Entry: $109-108.50
1st Target: $104
2nd Target: $90
3rd Target: $70
S.L: $111(May have false break out to $115
Be patience. Be blessed.
3M LONG OPPORTUNITYArea 106-106.5 interesting cluster with confluence of level of percentages worked in the past.
I will use a buy limit with a very close SL 0,5%.
MMM PutMMM has successfully broken $125.45 and is now trading below the resistance.
Entry: $122.80-122.60
1st Target: $117
2nd Target: $114
-It should get to the target in the next 14-30 days.
-Volume has decreased significantly today as well
-I also see a nice head and shoulders pattern on the larger chart.
MMM Put MMM needs to close under $125 on the daily chart to reach it's next support of $114.
Entry: 127-124
Exit: 120-115
Stop loss: $128.70
I understand the entry is pretty wide so just get in where you fit in. Try to wait for a leg up to at least $126
MMM capitulation almost here?!Similar to the SPX/ ES1 and Disney charts (among others), we seem to be on the verge of the scariest but best time to buy. Whether it's a bull-spring (fakeout) or an extended structure below the critical support of ~$124.7, looking left so-to-speak indicates that decades from now we will see these next few months as one of the best times to invest reasonable amounts into fundamentally strong investments. nfa dyor
MMM PutMMM hit it's resistance of $125 but, couldn't break it. Bull trap seems to be over. I am in a put. My entry was $123.30
Entry: 123-122.85
1st Target: 117
2nd target $115
I put my S.L at $124
I believe it'll hit this resistance this time.
MMM monthly frame (just thoughts)something to think about
price action over the course of the next few weeks should make things a little more clear for what direction to trade
Bottom FishingPrice is under the bands after a massive sell off that was not an earnings miss.
Folks just got tired of MMM I suppose.
Price fell from what appears to be one of those Heavy Bear Flags I've been seeing a lot of lately. They are almost like a channel up at first look but something does not feel bullish about them.
My first bear market so DUNNO (O:
Not a growth stock and considered to be a conglomerate with a nice yield.
Possible Stop under 104 so not a big risk I guess.
EPS (FWD)
10.39
PE (FWD)
11.71
Div Rate (FWD)
$5.96
Yield (FWD)
4.90%
Short Interest
1.80%
Market Cap
$67.37B
No recommendation.
I am not indicating this is close to the bottom. I am watching for now.
I have learned the hard way that even dirt can get cheaper )o:
MMM 3M Company 141K Calls, $200 Strike Price, Expiring Sept. 16!I don`t know if you monitored the Option Chain last Friday.
I always do that for my clients and I was shocked to see for MMM 3M Company 141K Calls with $200 Strike Price, Expiring Sept. 16!
On Thursday we had 70K calls, same expiration date and strike price.
It has to do something with 3M's Healthcare Spinoff which sees Roadblock from Veterans, which sued the company to block its planned spinoff of the healthcare business.
I bet the call options buyers are thinking that the spinoff will be approved in court by September 16.
The stock is one of the Dividend Kings, the company has increased its dividend for 65 years and the Forward Dividend & Yield id 5.96 (4.90%).
At this oversold level, with the RSI at 22, i wouldn`t be surprised to see at least a technical bounce to $130, if not even higher.
Looking forward to read your opinion about it!
54/100SNRC setup momentum following
if we check volume on W and D TF
selling pressure is very high so this price is OK to bet with 1.5 RR
MMM oversold BUY+3M has unlimited liability regarding the earplug lawsuits and dropped recently due to the idea of bankruptcy being shot down. Shorts are all over this stock and that makes it a great bounce candidate here back to $130-135 range
3M USA SSI Live Trading Series
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Bearish Divergence on 3MBearish Divergence on MMM, also near resistance level. Price target should be about 126 before it possibly hits support
3M Company (MMM) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the US company 3M Company (MMM). The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, U.S. health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products,electronic circuits, healthcare software and optical films. The Falling Wedge has broken through the resistance line on 27/07/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 27 days towards 155.52 USD. Your stop-loss order, according to experts, should be placed at 125.60 USD if you decide to enter this position.
3M Co. said it would spin off its healthcare business as a public company and sought bankruptcy protection for a subsidiary that once produced military earplugs that thousands of veterans now blame for damaging their hearing.
The moves Tuesday attempt to address the industrial conglomerate’s lingering overhangs with sluggish growth of its businesses and an increasing exposure to costs for lawsuits.
The company said it has committed $1 billion to fund a trust to pay claims about its earplugs and $240 million to fund expected expenses related to the cases. 3M said it would provide more funding if required. The company filed for bankruptcy for Aearo Technologies, a subsidiary that once made the earplugs, as a way to fence off the litigation from the rest of 3M.
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$MMM with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $MMM after a Negative over reaction following its earnings release placing the stock in drift B .
MMM SELL +Earnings spike caused overbought indicators on several time frames and charts, high stochastics, high daily rsi, bollinger bands pierced, gap to fill with cloud resistance. Looking for small scalp. Bought puts this morning around $144 range. Bought August 19 $142 puts. Traders should be wary of buying bear market rallies most stocks today will be lower in a few months. GL
$MMM Longterm Investing OpportunityIs 3M currently a good Stock for a Dividendportfolio? NYSE:MMM
$MMM is coming closer to a level where it's getting interesting for buy opportunities. The overall structure is still bullish on the monthly as well as on the weekly. The orderflow on the weekly is currently corrective as price is inside a very clean pullback (PB)
The stock has been consolidating for the last weeks, which is a good sign because it is building liquidity on the bottom side, which we expect to get taken out before continuing to the upside.
So from the technical side, we can start ticking the boxes if price sweeps the Liquidity that it is currently building up.
From a fundamental perspective, 3M is getting closer to the fair value price, which is an additional confluence for me to open up long-term positions. It will be a good fit for my Dividendportfolio.
I'll make an update if the stock makes significant changes in pricing.
$MMM - great company at a nice price$MMM keeps catching my eye. It has hit a low and is rebounding. Like a magnet it needs a pull back to the 200 MA
Entry is now, its on an hourly support. Hold for 10% swing trade.
3M Company (NYSE: $MMM) Trading Near Multi-Year Lows ⭐3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.
