Three M Company Stock Code MMM.NYS
Price tested the lower edge of the cloud two days ago but was unable to move above the cloud, keeping the bearish outlook intact. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is bearish with both lines below the zero line. We think price is likely to move lower to the previous price low at $106.20 in the next 2-3 weeks.
$106.20 Price Target
$123.60 Risk Management Stop
3 weeks Trade Duration