14.01.2015 - On the chart 3M Company is forming the reversal pattern

3M Company's share price declines after it was unable to overcome the level of 164.00. In case of continued downward movement will be completed the formation of "head and shoulders", which indicates a trend reversal. Confirmation of the sell signal will be fixing the price below the inclined "neckline." In case of confirmation of the sell signal, quotations may fall to 148.00, 139.00 and 132.00. Growth is limited by the level of 168.00. The outlook on the stock is negative.

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