1
3M stock price (NYSE: MMM) defended $100 support and recovered 8% approx from the low.
2
MMM stock price managed to climb above the 500-day EMA.
3
3M stock price showed initial signs of a bullish trend reversal.
3M stock price (NYSE: MMM) defended the $100 support and reversed upward with a strong buying volume. It formed a bullish trend reversal pattern and grabbed the attention of long-term investors.
MMM stock price managed to climb above the 50-day EMA indicating that the short-term trend has reversed upward. However, the 200-day EMA still placed higher which might act as an immediate hurdle for bulls.
At the beginning of August, the 3M stock price faced rejection from the $111 level. It lost the bullish momentum and began to decline by forming lower-low candles.
In mid-August, prices dropped below the 50-day EMA which hurt the investor’s sentiment and caused further decline.
The downfall in MMM stock took a halt near $97.
We współpracy z: https://www.thecoinrepublic.com/2023/09/11/3m-stock-price-defends-100-is-mmm-stock-turning-bullish/
