3M COMPANY

NYSE

MMM

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 has traded in this channel 87.5% of the time. Objective long opportunity after this latest bounce.

3M trade at B 140 P Sell 145 P Sell 165 C Buy 170 C

-_- See what the market gives us.

NYSE:MMM

touch support line

3MMM BABY youtu.be

3M 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 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.

The $MMM monthly chart seems to be showing a few signs of consolidation on the 1M chart, with the RSI pointing to a potentially large upwards thrust soon: On top of that, we have further signs of consolidation on the weekly chart, hitting almost the same bottom twice, with decreasing volume since one of the largest volume...

Will 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.

Short since on the top and short more now at 161.45 STP167.80, Aiming at 145.xx

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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.

3M

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