This Is Where I Will Buy 3M Co (NYSE:MMM) For A Bounce…

3M Co (NYSE:MMM) is taking a beating after releasing its quarterly earnings. The stock is down over 5% and things are not looking good. Based on chart breaks, I expect a general trend lower to continue until $191.50 is tagged. That will be major gap fill support and the daily 200 moving average should be there as well. This gives huge support and a likely bounce in the stock. This is where I and smart investors will consider buying.

 

Would you spend $99.95 to earn +$1,000 of profit? Read this.

 

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