lukelehepuu
Short

MMM IDEA

NYSE:MMM   3M CO
61 0 4
Description of Chart:
On the weekly chart we have now run into some major resistance at 170.41, we can see this with price bouncing along this level. I am expecting a pull below this level down to target 1 at 160.08. My second target is at 137.99. It could take a few months to get there however we are also seeing bearish divergence on the stochastic indicator. Target two also coincides with previous support found in the crash of August and January.

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