$MMM Rising Wedge Pincher PLAY w/ 200 MA LOOMING!
MMM is your stock if you like rising pincher plays.... trend lines on price action shown in black on this chart... treding upwards and making higher highs and higher lows, but the 200 MA is looming of SO many stock within the DOW30 right now on these DAILY charts... if it is respected by the price action... the likely outcome will be prolonged stagnation moving forward with expectations of a solid 2019 fiscal year ahead within the US economy.... IF THE 200 MA gets busted with som UMPF... well the price will then climb in my opinion... watch how the price busts out of the rising wedge demonstrated by the trend lines in black... if price goes through upward trend line; expect BULLS TO RUN... if bottom wedge/trend line is busted... TIMBERRRRRRRR! lol
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