3M Co.: technical analysis

2026. 8. 7. 오전 10:02:02

3M Co. shares, an American diversified innovative and manufacturing company, are trading at 180.00.

On the daily chart, the price is moving in a corrective trend above the resistance line of the local ascending channel with dynamic boundaries of 178.00–160.00.

On the four-hour time frame, the prices have already left the range and may continue to move away from 178.00 towards the high of 185.00. Otherwise, a reversal and testing of the low of 160.00 are expected.

Technical indicators are ready to strengthen the buy signal: the fast EMAs of the Alligator indicator are above the slow line, moving away from it, while the AO histogram is forming corrective bars in the positive zone.

Trading tips

Long positions can be considered after the price rises and consolidates above 185.00 with the target at 200.00. Stop loss — 178.00. Implementation period: 7 days or more.

Short positions can be considered after the price falls and consolidates below 175.00 with the target at 160.00. Stop loss — 183.00.

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