3M CompanyLong
Purchase of 3M in the continuation of the 5th wave of growth
The company is 3M (MMM).
According to all estimates and proportions, now the price in 3M is in the 4th wave in the form of a triangle. The price is at the lower border of the triangle, there have already been false takeaways down.
I propose to consider buying it in the continuation of the 5th wave with the goal of expanding on the first wave of Fibonacci 2.618, or 0.618 from the third wave.
These Fibonacci levels coincide with the global maximum of January 2018, which also confirms their validity.
The potential yield from the current price is 32 percent with the prospect of growth for about a year.
Naturally , this is not an investment recommendation.
According to all estimates and proportions, now the price in 3M is in the 4th wave in the form of a triangle. The price is at the lower border of the triangle, there have already been false takeaways down.
I propose to consider buying it in the continuation of the 5th wave with the goal of expanding on the first wave of Fibonacci 2.618, or 0.618 from the third wave.
These Fibonacci levels coincide with the global maximum of January 2018, which also confirms their validity.
The potential yield from the current price is 32 percent with the prospect of growth for about a year.
Naturally , this is not an investment recommendation.
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