3M wants to break free from the compound consisting of the red zone between $93.83 and $107.35 and the green zone between $92.38 and $105.93, where it has finished wave (II) in white. To achieve this, the share has already developed convincing upwards momentum, which should soon carry it out of the zone-compound and above the resistance at $117.80. There, 3M...
3M has made 30+ investments in start-up. One example of its investment is GrayMatter Rotobics:
GrayMatter Robotics’ proprietary GMR-AI™ rapidly automates the high-mix, high-variability manufacturing surface finishing needs: sanding, blasting, buffing, polishing, spraying, coating, trimming, and inspection
Another wonderful long position was opened today being a 102c 6/23 expiry. Target for this is 107-109 minimum by expiration, but high hopes for 112,115,118 if the volume picks up!
Is there going to be a Big Bounce of 3M's stock ?
This chart shows the weekly candle chart of 3M's stock since 2016. The graph overlays the top to bottom golden section of 2018. As shown in the figure, the recent low point of 3M's stock is just 4.000 in the top to bottom golden section, and the low point in 2018 and 2019 is just 2.000 and 2.618 in the golden...
MMM buyers have got in with strength and volume .
At lower timeframes there is a good opportunity to buy.
We are also in a demand area from MONTHLY!
22 R/R
Just bought some calls, price is going for a second attempt and I hope this time it breaks out. There are a lot buyers in the market this moment.
Calls Strike 101, exp 06/16
MMM has recently touched the area of previous resistance and the bottom of a parallel channel drawn by connecting the down trend swing highs. It is too early to tell whether this is a genuine trend reversal but it could be one to watch.
SLO @ 124.50 ⏳
TP1 @ 85.20
TP2 @ 60.00
BLO @ 52.80 ⏳
ADDITIONAL INFO:
Based on the fundamental analysis below, I'm anticipating a swing to the upside before price action returns to the downside and continues to drop toward Demand (75D). Once we reach Demand @ ~52.80, I'll hold this equity as a Position Trade up to Major Resistance @ ~175.75.
COMPANY REVIEW:
3M...
MMM has been at somewhat of a discount in my opinion for a while now considering their steady dividend of $1.50, MMM not having lowered dividends in the recent past. The P/E is 9.77 which is great for a company that is a leader in their market and a larger cap stock. The price to book is a little high at 3.4 but lower than a lot of more overpriced stocks that...
What a good rumor!
"3M has reached a tentative settlement worth at least $10 billion with several U.S. cities and towns to resolve water-pollution claims related to per-and polyfluoroalkyl chemicals", Bloomberg reported Friday.
The Morningstar rating system gave MMM a fair value of $127.
"Based on 9 Wall Street analysts offering 12 month price targets for 3M in the last 3 months. The average price target is $107.56 with a high forecast of $120.00 and a low forecast of $95.00. The average price target represents a 14.09% change from the last price of $94.28."
✨ NEW: 3M...UT (3M, 3D) ✨ POSITION TRADE ✨
BLO1 @ 74.34
BLO2 @ 50.99 (Wealth Trade - I may never let this position go)
TP1 @ 112.53 (shave 25% from BLO 1)
TP2 @ 175.83 (shave 25% from BLO 1)
TP3@ 215.82 (shave 25% from BLO 1)
3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as...
Trading Central preference: the downside prevails as long as 104.8 is resistance.
Alternative scenario: the upside breakout of 104.8 would call for 108.4 and 110.4.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 101.992...
