3M CompanyLong
MMM
MFI showing strong oversold levels. The distance between MA line and Bollinger Bands leads me to believe there is room for further pullback.
Fib Retracement Levels support this hypothesis, though the pullback could stop at the cyan line, a very strong level of support.
Once bounce occurs, short run ending at .618 Fib Line. Possibility Ichimoku Cloud changes and dips below .618 line, becoming a slightly lower line of resistance.
Fib Retracement Levels support this hypothesis, though the pullback could stop at the cyan line, a very strong level of support.
Once bounce occurs, short run ending at .618 Fib Line. Possibility Ichimoku Cloud changes and dips below .618 line, becoming a slightly lower line of resistance.
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