Hello, today we will look at 3m company. I like the company and the stock. Considering their inception 1902, before stock market were created, I consider this company very stable to live thru everything of last century. I do like that they make lot's of items for us, 60000 different products and counting. They are nice company to work for as far as I know. And as a manufacturing person I enjoy companies that support me with good PPE, adhesives and sticky notes :)
Now, back to trading. Their all time high were 250-275, something like that, @ 2018. Then they were dunking since and reached the major drop during beginning of pandemic on march-feb 2020. Bounce back with all the indexes to 200 or so. Then Crash and Burn to what ever it's now. Around 100 bucks.
I think the max low will be about 90-95. Dead cat bounce to 138.90. Then sideways, back up a little to 118, then shoot to closer 156, rejected, 144-46, break thru to 168, settle at 155. Then I don't know. I am want to play on dead cat bounce after this drop. Just to put a time frame. 90 around august 2023. Bounce close to end of November 2023, correction on December 2023, rise on jan 2024 till 156 @ Aug 2024.
Problematic: It'll get there but time frames might shift.
Personal: Shares with dividends here. Very small options and if any then for AUG 2024 @ 150-200 From now at 100. These company a good company for decades of investing, especially on generational shifts and overpopulation and manufacturing upcoming boom in USA. ( or what ever those 80 billion will be used for ).
That's an idea.
Now, back to trading. Their all time high were 250-275, something like that, @ 2018. Then they were dunking since and reached the major drop during beginning of pandemic on march-feb 2020. Bounce back with all the indexes to 200 or so. Then Crash and Burn to what ever it's now. Around 100 bucks.
I think the max low will be about 90-95. Dead cat bounce to 138.90. Then sideways, back up a little to 118, then shoot to closer 156, rejected, 144-46, break thru to 168, settle at 155. Then I don't know. I am want to play on dead cat bounce after this drop. Just to put a time frame. 90 around august 2023. Bounce close to end of November 2023, correction on December 2023, rise on jan 2024 till 156 @ Aug 2024.
Problematic: It'll get there but time frames might shift.
Personal: Shares with dividends here. Very small options and if any then for AUG 2024 @ 150-200 From now at 100. These company a good company for decades of investing, especially on generational shifts and overpopulation and manufacturing upcoming boom in USA. ( or what ever those 80 billion will be used for ).
That's an idea.