The Fast Paced History of (MMM) The 3M Company

3M, formerly known as the Minnesota Mining and Manufacturing Company, was founded in 1902 by five businessmen in Two Harbors, Minnesota. The company’s initial goal was to mine corundum, a valuable mineral used for abrasives. However, the venture proved unsuccessful and the company’s founders instead focused on developing sandpaper products using a new abrasive mineral called garnet.

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The Fast Paced History of (MMM) The 3M Company

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The company’s first successful product was sandpaper, which was sold to woodworkers and furniture makers. In the early 1900s, 3M began to expand its product line to include masking tape, waterproof sandpaper, and cellophane tape. The company’s innovation continued in the 1920s with the development of Scotch brand transparent tape and the introduction of the first waterproof sandpaper.

During World War II, 3M played a crucial role in supplying the Allied forces with a wide range of products, including adhesive tape, waterproof sandpaper, and insulation for electrical wires. The company’s success during this time allowed it to expand its operations and establish new facilities in other parts of the United States.

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In the 1950s, 3M introduced several new products, including Scotchgard fabric protector, Thinsulate insulation, and Scotch-Brite scouring pads. The company also began to expand internationally, opening its first international manufacturing facility in Canada in 1952.

The 1960s saw the introduction of some of 3M’s most iconic products, including Post-it Notes and the Filtrete air filter. The Post-it Note, a small piece of paper with a reusable adhesive, was developed by a 3M scientist who was trying to create a bookmark that wouldn’t fall out of his hymnal. The Filtrete air filter, on the other hand, was developed in response to a need for improved air quality in buildings.

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In the decades that followed, 3M continued to innovate and introduce new products, such as the Opticom traffic signal priority system, the Tartan track and field surface, and the Littmann stethoscope. The company also expanded its operations globally, with a particular focus on Asia.

Today, 3M is a diversified technology company with operations in more than 70 countries. The company’s products are used in a wide range of industries, including health care, transportation, electronics, and consumer products. 3M’s success has been built on a foundation of innovation and a commitment to solving problems for its customers.

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(MMM) 3M Company - Technical Analysis, LIVE Trading and Investing!! Sep 25, 2022

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Transcript

so before we get in this company I’ve

actually covered this company once

before as you can see from a highlight

available on my YouTube channel or even

on my twitch Channel I believe it’s

still there below this stream right now

what company are we going to be looking

at that company is 3M 3M is a great

company very blue chip uh before we get

into it

and let’s quickly uh browse through this

video here to see what I was saying

December 27 2021

sending resistance it has yet to reclaim

its all-time highs from 2018. sorry

wrong ending wrong thing here

we have a little bit of a resistance for

me we have two priors so this is a very

legitimate resistance here

let me expand on this

we’ll go Wick to Wick

foreign

if you are able to get shares at around

that 132 price point that would be your

ideal entry you could put in bids there

kind of forget about it and not feel

stressed

um other than that we

it’s really struggling to hold that

monthly 20 moving average

in September it hit it for the first

time

you saw a little bit of a spin with this

doji here in October

November we saw a firm push down

a wick at the top which means I tried to

push up failed went right back down

closed lower and here we are with a

little bit of a December doji

inches below that monthly 20 moving

average

we could see it touch that uh

monthly 180 moving average which would

be our ideal entry how do you determine

where to place the circles if you look

at the lines that are associated with

said Circle

I was attempting to try and talk about

that earlier let me try and be a little

more clear look at how closely this

purple line here

follows the price action and acts as a

support

when I was talking about the supports

and resistance on and how the circle was

interacting with the the price look

there’s like a round bottom right here

acting as a support here I’ll even mark

it even more

I should have put some more lines down

here support bounced here off the circle

bounced here off the circle

and then it was really kind of riding

the circle between

1988 and 99 for 10 years it was very

much just riding it but there was quite

clearly a bounce here in 98 quite

clearly about here in 94

etc etc it’s it’s very much responding

here and we didn’t see a break until

right here

which would be

2007 2008 market crash makes sense

it was in this year 2008 that it

actually broke this purple line that it

had quite clearly been acting as a

support for so long and it went below

and it came all the way down to the next

line in the Fibonacci Circle

uncoincidentally

from there it went up and it act all the

way till it hit the previous line of the

Fibonacci Circle that we had mentioned

up till now where it acted as a support

right here in 2011 no coincidence

so it was rejected by that line came

back down touched that 180 moving

average

continued to climb

was used as a resistance Again by the

first Fibonacci circle line that we had

mentioned prior that was acting as a

support and has now acted as a

resistance for the second time

came down a little bit continued to rise

and then touched the second Fibonacci

line which we had been referencing that

acted as a support once prior it was

used as a resistance came down touched

the second Fibonacci line we’ve been

referencing was used as a support and

then it kind of been kind of was

flagging in that Circle

notice where the center of the circle is

here

starts at the bottom comes all the way

to the price level of where the center

of these Fibonacci circles are and then

it Flags

this is very common pattern for

parabolic movements

just something of note

[Music]

that’s kind of how I knew where to put

the Fibonacci line

have we taught have we talked about a 3M

enough here should we go on to the next

symbol let’s see what else I got here

unless you guys have one

could cover

lb company I feel like I’ve covered them

before Buzz I feel like I’ve covered

them before they’re not much to talk

about

let’s open my box real quick unboxing

unboxing guys you guys want to see the

unboxing again we we’ve unboxed two so

far I could quickly show you

okay okay okay so now that we understand

what our analysis was of 3M December

27th 2021 remember this was when the

market was actually at an like all-time

high right this was before things were

starting to take a turn

uh in early 2022 right almost like one

month beforehand crazy and as we were

saying the best entry for a company like

this we recognize is downward trending

price channel right price Channel up

price Channel Down resistance support

you see that and we were saying the 180

would be a ideal time to be looking at

this as you can see right here it’s uh

came all the way down to that 115 to

that 132 area 132 okay uh where is it

today well boom it actually painted

exactly as we were expecting six I guess

it’s probably like eight months ago now

right nine months

but as you can see it came all the way

down all the way down and now it’s

touching this previous support that

we’ve seen here right we have our weekly

moving average here this company as you

can see has come through the

Part of Me Part of Me Part I mean this

is the monthly again guys I myself you

guys always need to keep in mind the

time frames we are using you can tell by

looking at this symbol next to the

ticker we are looking at the monthly so

these are monthly 180 moving averages

right as you can see and we explained in

the video this company ever since IPO

has only shown signs of strength and

growth no signs of Decay uh growth over

time

now this is the monthly 180 moving

average it has been used as a support

countless times

as you can see right here it has one

stepped below this monthly 180 moving

average by about

17.

about 17 to 20 percent

um as you can see

it’s currently a

at about that range 15 17

so it could be a really opportune time

to get into this company not only that

but as you can see at the bottom we have

our RSI right RSI it shows when

companies are oversold and overbought

when they’re oversold the RSI will be

touching this green line down here by

the 30 when it’s overbought the RSI will

be touching the red line up at the top

by the 70 as you can see right here when

it was at its all-time high the RSI was

peaking out peaking out showing signs of

overbought as you can see right here

last time it touched the 180 the monthly

180 it was oversold it went up RSI was

overbought as you can see right here in

this peak and right now it is currently

oversold oversold what what is this this

is a buy symbol

one of the last times it was the as

oversold as it is right now we can look

back that is the time frame we were

actually just run for referencing when

it was at this monthly 180 from there it

proceeded to grow

hmm

461 percent now not only that not only

that these are all great things on a

technical level as you can see we have

experience with the company before and

played out exactly as we described

eight months ago in the previous video

what else does this company have going

for it on a more Insurance level right

let’s look at the financials the

financials for this company are

phenomenal just like everything we try

to cover here right so in 2017 we had a

profit margin of 15.35 in 2018 we had a

profit margin of 16.33 in 2019 we had a

profit margin of 14.22 percent 2020 we

had a profit margin of 16.93 and in 2021

they had a profit margin of 16.75

percent really good numbers very solid

unfazed by covid very resilient right

so these are things we like to see you

don’t want to be putting your money into

a company that’s not profitable like a

piton or whatever these new IPOs are

these day bumble

dividend this company does offer

dividend and not only does it offer

dividend offers a huge dividend right so

if you look at the dividend uh yield

here it is 5.27 that is massive that is

more than a bond that is more than the

last company we looked at which was at

about 1.4 percent on endeck right

we also stated that the U.S national

average is roughly in that three percent

range so this is well above that U.S

national average

all things we like to see as a bull so

regardless you’re going to be getting

paid out that 5.27 per year we like to

see that what is our future projection

for a company like this right

company like this well it’s last

all-time high was roughly 260 right 260

from the current price point to that

all-time high that is a hundred and

twenty nine percent gain right not only

that

but once we get up there we’re expecting

it to set a new all-time high right a

new all-time high so if it were to set a

new all-time high current projections

you’re looking at around 242 and what

could be maybe two three years

annualized that that’s about 100 per

year give or take

very solid investment I really like this

company LeBron’s interested in um great

solid company unfazed by covid

really what more is there to even say

they have 95 000 employees huge

very blue chip

great company that being said we’re

gonna move into the next company if you

guys have any questions feel free to ask

at any time

and again for all of you who are new

here my name is Ethan Wren make sure you

check my website etherbrenn.com from

there you can find links to all my

various socials we’re currently live on

YouTube and twitch so make sure you

subscribe or follow if you want to stay

up to date with all the latest

information uh and yeah I

I also have a Discord make sure to join

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you can basically get a hold of me in

there 24 7 7 days a week right

foreign

and yeah so make sure to go check out

the the Discord we have a bunch of great

resources in there that you can use for

free

uh and yep

The Fast Paced History of (MMM) The 3M Company

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