Saturday, July 15, 2006

3M (MMM) Chart Analysis


Monthly chart shows corrective wave in progress. More downside action likely for now.

Bearish gartley butterfly type pattern in place. First tgt is $73.65, then test of $69.71 low, then $63 to $64 range.

Daily chart shows kicker type pattern with gap above the $80 level. Then another kicker type pattern to the downside, with a gap thru the same $80 level, and below the 200sma.

0 Comments:

Post a Comment

<< Home

CURRENT MOON
lunar phase