3M (MMM) May 4, 2015 preview

MMM shares closed the week just above critical support stemming from the December local low and the first Fibonacci support. In that respect the breakdown below the $161-$168 horizontal price channel will hit its target @ $154. Dips down to this price level can be bought for a rebound. Bullish.

MMM (8 months):

mmm

Chart courtesy of http://www.StockCharts.com

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