JK I expect this to start ripping up to close out the year break the 217 level and close over will see steady movement up. That stop run signaled up side. Your good!
Find the commentary from the chart below: In general, the stock paints a bullish picture but there are also things that could indicate that it would rather trend downwards at least for some time. Bullish points -Stock is currently above the 120 moving average which has served as a support level since 2011 on weekly chart -Stock is currently In an uptrend and...
MMM is currently down 18%-20% from all time highs and is offering buyers a good discount to buy the stock here below the 50day moving average and above the 200 day moving average. The moving averages are beginning to curve higher/ signaling that the stock should continue to go higher. As the overall U.S stock market has made new highs, this is a good option for an...
Under pressure with the dow, seems ready to reverse with a nice IHS as a bonus
MMM has had a poor year for most of 2018. But its decline has found support at $194.65 and has multiple times. High volume on the upswing of the dips further confirms that this stock is likely to go up. Sell if it breaks $194.65.
If a five wave impulse is done, we should expect 'at least' a three wave correction (at the same degree) to unfold. The beginning of wave (1) starts from March 2009 at $32.28 and if this year's top ($258.51 in January) is the end of wave (5), a multi year correction (or bear market for 3M) will be inevitable. Note: The length wave (5) equals approx. total...
Waiting for a hit of the upside green box (labeled 4), for a short targetting 5 down. This will put me on watch for a long term bottom With respect to what I said in MMM Micro -- the linked idea - the clue was the fact that the first wave up didn't hit my desired green target, and now we have staged a very corrective looking move up. This has put me on high alert...
3M upwards continuation trend. Buy the dips in a strong up trending pattern.
A gartly bat pattern is forming in MMM. We can see the it will line up with .5 fib level as well as the exterior of the downtrend channel. Confirmation of the short will be a rejection around 209-211. Entry position 207 after rejection. Profit taking @ 191 and 185
In at 201.94 - broke downtrend, above 20day. blue chip stock that missed the rally
MMM in down channel and will need to break 210 with a candle daily close above the 618 line. If this does not hold Planned short to 178 Right above the .5 fib line.
MMM shares Sell Idea @Weekly Supply Zone (216.86 - 221.520) Sell Limit: 216.81 Stop Loss: 222.59 Take Profit: 196.27