$MMM
Added 2024-03-23 00:01:00 +0000 UTCI have been watching this closely to see if it is finally time for $MMM to finish its very long corrective wave, which began in 2018......it is a company that has been riddled with issues and have been fined massively....also unprofitable with $59 Billion market cap but there are signs that they may have turned a corner and have found support on the 0.78 Fib at $89.
As the price has consolidated here for a year now between $85 and $110...and has counted 3 perfect Waves down now.
Dividend of 5.89% and is a Dividend King.....meaning it has increased its dividend payment for 50 years consecutively.
If it makes a higher high above $113 and reports soon that they have a route back to profit....this could be worth watching for a big turnaround.
