Is 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...
IS puking all over itself...
Select DOW components are providing rather large warning signs.
Ignore them and it could turn out costly.
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Clinging to the past is probably a bad idea... by any indication.
multi-month consolidation with MMM - ranges tightening, and with markets looking like a potential bottom has occurred (even if temporary) we may find enough gusto to break out.
Targeting approx 167+
starter position in October calls, looking for 155+ for size.
Obviously, this is not trading advice, just personal journaling of thoughts at this time with the...
The PEAD projected a Neutral outlook for $MMM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 83.33%.
Rejected VMA and wedge breakdown
Price might find some buyers at the bottom of the wedge, but rollover more likely at the MAs diverge.
IF, Price can consolidate above 140, can reverse and head higher, so patience is warranted on the both sides.
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. globally downtrend
3. no report in the following 2 weeks
4. approached with a big bar
5. way down with rollbacks
6. level of a rollback
7. enough room for a move 1 to 5.1 risk/reward
8. yesterday good news "3M guides for 1%-4% sales growth in 2022, in...
losing all MAs on all bigger timeframes...increasing selling volume just confirms the bearishness. might find support around 156, but any bounce should be transient and selling opportunity.
The continued poor performance of 3M stock indicates that investors are beginning to lose patience with the company. At the last investor presentation, management resigned from the full-year outlook it gave at the end of October. Thus, the company's stock is even falling out of favor with value-oriented investors and increasingly evolving an option only for...
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