Trading ideas for 3M Co. (NYSE) 19.12.2019

The stock is trading in the range of 365 and 150 moving averages directed downwards, indicating a downward movement. The resistance level 172.0 (price pivot zone) and support level 166.40 (price pivot zone) have formed. Stochastic Oscillator moving averages are located near the overbought zone.

Trading recommendations:

Sell below the support level of 166.40.

Stop Loss for the resistance level of 172.00.

Target levels - 159.50; 154.00.