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Mmmlong

New LogoAs you all have probably seen, we have changed our logo and name! Shortly, we will go online with our website on which were are going to provide you with free daily market updates - more than one per day. But for the time being, let us look at the 3M chart where we can see an increasingly strong bullish impulse. It is important that the pressure is kept high until we confidently cross the resistance at $117.80. There, we should see a small setback, before the bulls take over again. It is important that the course remains above $92.38.
NYSE:MMMLong
by MarketIntel
MMM 3M Company 141K Calls, $200 Strike Price, Expiring Sept. 16!I don`t know if you monitored the Option Chain last Friday. I always do that for my clients and I was shocked to see for MMM 3M Company 141K Calls with $200 Strike Price, Expiring Sept. 16! On Thursday we had 70K calls, same expiration date and strike price. It has to do something with 3M's Healthcare Spinoff which sees Roadblock from Veterans, which sued the company to block its planned spinoff of the healthcare business. I bet the call options buyers are thinking that the spinoff will be approved in court by September 16. The stock is one of the Dividend Kings, the company has increased its dividend for 65 years and the Forward Dividend & Yield id 5.96 (4.90%). At this oversold level, with the RSI at 22, i wouldn`t be surprised to see at least a technical bounce to $130, if not even higher. Looking forward to read your opinion about it!
NYSE:MMMLong
by TopgOptions
2
$MMM Longterm Investing OpportunityIs 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 the last weeks, which is a good sign because it is building liquidity on the bottom side, which we expect to get taken out before continuing to the upside. So from the technical side, we can start ticking the boxes if price sweeps the Liquidity that it is currently building up. From a fundamental perspective, 3M is getting closer to the fair value price, which is an additional confluence for me to open up long-term positions. It will be a good fit for my Dividendportfolio. I'll make an update if the stock makes significant changes in pricing.
NYSE:MMMLong
by Max_PowerFx
1
MMM: Time for a Technical Breakout 1W (Jun. 09)X Force Global Analysis: 3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities. Analysis - What's most noticeable in 3M's weekly chart is the descending parallel channel. - Prices have been creating constant lower highs and lower lows - This downtrend has been intact even before the Corona Virus (Covid-19) situation - Prices are currently trading below the 200 Simple Moving Average (SMA) - They have also been rejected by the Ichimoku cloud resistance twice. - The Relative Strength Index (RSI) is at neutral levels, and the Moving Average Convergence Divergence (MACD) has formed a golden cross, indicating potential bullish momentum - Should we see a breakout from the current price levels through the descending parallel channel, a potential reverse head and shoulders pattern may be intact - There are two price gaps both below and above the current price level, ranging from $!35 to $244. What We Believe For the short term, a break and close above the descending parallel channel is necessary for bullish confirmation. Then, a break of the Ichimoku cloud resistance - which we have failed to break through twice- is required for further bullish confirmation. Ultimately, a break and close above the 200 SMA would confirm a further rally up to $244, where the price gap remains for the weekly chart. Trade Safe.
NYSE:MMM
by XForceGlobal
1
MMM - 3M s/r zonesHello traders, Description of the analysis: Main s/r zones for 3M shares. Currently on strong support from 2016, a very suitable opportunity in terms of technical analysis and volume distribution of the price. The dividend strenght will be attractive. 3M has an earnings payout ratio better than 29% of dividend stocks. MMM pays 46% of its operating cash flow as a dividend, which is better than 27% of dividend stocks and MMM pays 60% of its free cash flow as a dividend, which is better than 37% of dividend stocks (from Seekingalpha source). The situation is more than interesting for investment. Never invest in assets you don't understand, so invest and trade wisely and carefully. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:MMMLong
by Jacob_Kovarik
MMM - Opportunity for Short Hey guys! Here's my view on MMM: Summary Price bounced off a strong support, captured by the recent spike and I am expecting a further push to 168.79 before a reversal. How I would play this trade: Entry: 168.79 Stop Loss: 190.26 Take Profit: 97.21 Reason for my view: There was a strong bounce off the 61.8% fibonacci retracement level, in line with previous breakout levels, as seen by the recent spike. With the $2 trillon rescue package recently injected into the economy, it could provide a temporary boost in market risk sentiment. This could see prices rally higher to test our resistance level at 168.79. Overall bias remains bearish as price is holding nicely below its descending resistance line and 35 EMA. Fundamentally, the Covid-19 outbreak worldwide is not showing signs of peaking out, which could further impede the global recovery. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
NYSE:MMMShort
by TradingBean