What will be its next stop?
With all the bad news about 3M leadership succession
5 replies (most recent on top)
From the Covid Low price went thru .618 retracement $125. Probably go to .786 which is around $88 and .88 fib is $67. Also the 3 month 200 ema moving average is $76. id say any of those can be macro support areas.
Greg Page from Cargill who is on the board of directors needs to step in for the sake of the entire Twin Cities economy at this point.
If 100 is well and truly broken (say a couple closes of below 97 or so) then I see the next hard support range is around 75-80.
If we break the 100 psychological, technical stop is around the 97 previous tops (soft) and and then around 80, plus or minus a few dollars, some old resistance levels. These are harder resistance levels imo.
80