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How the price action of 3m ($MMM) is used to our Advantage
The trading plans were valid at the time this was published, but the support and resistance levels for MMM change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Use the basic rules of Technical Analysis. Here are some examples: if MMM is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for MMM too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for MMM
- Short MMM slightly under 105.24, target n/a, stop loss @ 105.54
Swing Trading Plans for MMM
- Buy MMM slightly over 99.35, target 105.24, Stop Loss @ 99.06
- Short MMM slightly near 99.35, target 97.56, Stop Loss @ 99.64.
Day Trading Plans for MMM
- Buy MMM slightly over 99.35, target 99.80, Stop Loss @ 99.12
- Short MMM slightly near 99.35, target 98.15, Stop Loss @ 99.58.
MMM Technical Summary | Raw Data for the Trading Plans