3M COMPANY

NYSE

MMM

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3M

I 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.

W1- 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.

D1 - Price has reached the top of the bearish flag, bearish divergence. H4 - Bearish divergence. H1 - Price has reached the critical zone formed by the top of the daily bearish flag pattern and the the fibo levels of the cycles. Bearish divergence. Until this critical zone holds, we may look for more evidences of bearish pressure in order to join the bears.

if you are bearish, you can do a calender spread, buy a put after ER date, and sell a put before ER date.

3M has been down since high of 260, with PE Ratio (TTM) of 18.29, and Forward Dividend & Yield of 5.76 (3.31%), it is certainly undervalued.

11-JUL Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Falling section of high risk & low profit S&D strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations. Today's S&D strength Flow: Supply-Demand...

MMM had a massive High Frequency Trader gap down in April, but has now found support at a previous low from 2016 that is a fundamental support level. Massive Smaller Funds Volume Weighted Average Price selling occurred after the gap down. The bottom has shifted the trend to the upside.

Are options flow useful for real or its a scam? We will Find out here. I think its a rip-off. The market will prove itself.

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ENTRY > 173.69

Wave 1234 completed, time for wave 5 then the crash!

Used Gann Points and support areas for fun. Lets see how this goes. Backtest.

MMM have support line at 160$ and there is PRZ of Gartley pattern. Also divergence have been made. i think $160 is bottom and it starts new uptrend.

3M just can not catch a break, it seems that everything is working against it, the trade war, the strong dollar, economic slowdown concerns, and industrial spending have all attributed to the disastrous stock performance in 2019. Until these issues change and in particular the China trade issue, they stock will continue to tumble.

Potential to take a long to retest the broken weekly trend line before another fall.

Pivot points, BB, RSI, and MACD support a reversal. Sub (2) of an extended 5 looks finished with a retracement of 76.4. See Detailed chart in comment section.