21.09.2015 - 3M may continue to decline after the consolidation

3M's stock price has stabilized after a sharp drop within the range 138,00-144,00. The growth of price in the near future is limited by the level of 148.00 and the upper limit of the downward channel. In case of breaking through the support at 138.00, we expect a drop in prices to 132.00 and 130.00. Our medium-term outlook is negative, but in the near future is likely the upward rebound of price.

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