This Is One Of The Best Stocks To Short Right Now: See It Here

3M Co (NYSE:MMM) is collapsing today, dropping to $180.14 -1.28 (-0.71%). This is following an all-time high yesterday. While most investors marvel at the stock move and want to buy, it is probably one of the freakin’ biggest shorts or sells out there in the universe. There are so many negative indicators on all time frames that I literally get excited (in more ways than one) when I look at it. There are 4 key factors on the charts that give confirmation to this theory, all of which indicate that a drop of 25% is in the cards. Let’s go over all of them right here so you can make an informed decision on this trade…

 

1. There was a bull flag on the daily chart going into yesterday. This normally signals significant further upside. Yesterday, the stock surged early, then gave up 100% of the move to close flat. Technical traders understand this signals a failed breakout. Failed breakouts usually result in a significant sell signal. Coming off all-time highs, this could mean a multi-year high and 20% correction in the next six months.

 

3M Failed To Breakout Of The Bull Flag On The Daily Chart

 

2. The weekly chart has a 3 bar surge. Three bar surges on any charge usually signal a pull back is on the horizon. However, a weekly three bar surge, coming at all-time highs can mean a multi-year high pivot is in place.

 

Three Bar Surge On 3M Weekly Chart Signals A Pull Back

 

3. The monthly chart on 3M has seven green candles higher. This means that for seven months, the stock traded up. For hardcore InTheMoneyStocks PPT Methodology investors, this is insanely significant as it shows a 95% chance of a drop in the stock when matched with all the other signals discussed.

 

Time Count On The Monthly 3M Chart Signals Epic Top And Drop Coming

 

4. Lastly, on the monthly chart, connect the highs from 2003 to 2014-2015. If you extend the trend line it hits the highs on the chart perfectly. This is just one more epic sell signal for $MMM

 

Monthly Trend Line On 3M Stretching Back To 2004 Has Been Tagged, Very Bearish

 

Get alerted to the exact trades that Gareth and Nick take live when the action happens, here is how… enter the Research Center here for FREE. Also, take note of the documented track record of every single trade members have received over the years – no one can compete with the verified performance of our Pros, its that simple.

Gareth Soloway

Chief Market Strategist
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