Live monitoring of the Rounding Bottom setup on MMM. See where price is heading.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Market participants tracking 3M should note the latest formation. The stock is trading at $151.87, up 1.4% on the day. The primary technical feature is a Rounding Bottom formation. The trend indicator is reading 33.1/100, suggesting moderate momentum. A potential breakout level is identified at $158.14, targeting $176.94 with support near $148.74 (R:R 2.0).
What is your outlook on MMM?