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Tuesday, 18 September 2018

3M Co. (NYSE: MMM): 18 September 2018, Tuesday, 7.43pm Singapore Time

3M Co. (NYSE: MMM): 
18 September 2018, Tuesday, 7.43pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for 3M Company (NYSE: MMM). The 2 rectangular bands are resistance bands suppressing 3M Co., and these 2 resistance bands will continue to be used by Wall Street to sell down the stock. 3M has now hit the limit of the 2nd resistance band. It is a high selling pressure zone for re-accumulation of SHORTS. There are 2 bear flags in the technical chart as illustrated -- one is illustrated by the purple lines and the other is illustrated by the pink circled region. 3M will be one of the casualties of a US-China Trade War. 3M is a short-selling stock for the short-mid term. It is not for buying. It is for shorting/selling. 1st TP: $200. 2nd TP: $190. 3rd TP: break down $190.

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