In recent months, 3M shares are in the downtrend. Supply chain challenges had a negative impact on many industrial companies including 3M.
The price reached the level of 139.66, the spring minimum of 2020. At this level, the daily candlestick formed a hammer, a strong reversal signal. The RSI also reversed upwards from the oversold zone.
The nearest target of growth is the level of the unclosed gap at 154.
This content is for informational purposes only and is not intended to be investing advice.
