MMM after this vix spike sell 120 Jan 2023 PUTsMMM after this vix spike sell 120 Jan 2023 PUTS and take in around $6.00
just sit with it You make a safe 5.% and if worse comes to worse you take it in at 114$ COVID MArch 2020 Low
buy lo sell hi
MMM trade ideas
$MMM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MMM after a Negative over reaction following its earnings release placing the stock in drift C
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MMM on the way to TPThe analysis was available on 28th June together with other 11 analysis but due to chart limit reached, only a few were able to post. And second attempt of uploading has violated the house rules. Anyway, this trade is heading to our TP, as long as it hasnt hit TP, it is still a valid buy trade....but for reentry, we suggest to wait for a retracement for better RR. Make sure to apply set loss and take profit level to all your trade.
Awaiting a retrace to key support levelA beautiful level has been gained recently in march 2021 and moved up creating a new high. Looking back on the chart this is a key level in the for 3M during the last few years: the high in august 2016 tested it and found resistance, in the beginning of 2017 the level was gained, tested as support twice with lows in the end of 2018, lost the level again in 2019 and then tested it twice again as resistance with the high in 2019 and the also with the pre-corona high. It would make sense to test this level again as support, and make a good entry point before moving further up towards the high range of 2018-2018 around 217$
The analysis above is not financial advice by any means, it's purpose is merely providing educational value tho those who are interested in learing about technical analysis
$MMM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MMM after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Understanding the Bullish Area on MMMUnderstanding the Bullish Area on MMM
- On MMM, the price has broken a key resistance zone (now working as support), and we want to find similarities to previous situations to project possible scenarios.
- We can see that every time the price either bounce on the zone or broke it from below, we had a bullish movement towards the next resistance zone.
- The % we expect from the beginning of the movement is 19%. The expected duration of the movement is between 100 and 250 days
- During the movement, we can expect corrections to provide good entry levels to catch some % of the 19% expected movement.
Thanks for reading!
Bullish on 3M: +3.51%3M Company rallied this month, gaining 10% and breaking its 52-week high.
It’s one of the companies we always follow at Cindicator and regularly post questions to Hybrid Intelligence.
Based on the recent volatility, we asked a question with the following targets:
“The shares of 3M Company (MMM) settled at 193.10 USD at 08:00 PM UTC on Thursday, March 25. Will MMM trade above 199.88 USD (+3.51%) earlier than trading below 186.32 (-3.51%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 80%
This suggests that Hybrid Intelligence sees a higher likelihood of the upward trend continuing before any correction.
3M Company (MMM)3M reported better-thanexpected sales and earnings, the top line increased 4.5% (ahead of our 2.7% estimate), but costs pulled the bottom line down 10.6% from the previous-year tally. The stock continues to trade at a discount to multiyear highs and offers worthwhile risk-adjusted 3- to 5-year total return potential at this juncture.
