$MMM has been in a “NoGo” trend for a couple of months.
Yesterday’s bar saw GoNoGo Trend flag a new “Go” trend as prices have rallied off the lows from October. Leading up to the trend change, GoNoGo Oscillator tipped us off to the changing technical environment when it was able to break above the zero line and into positive territory. Now, after GoNoGo Trend has moved to paint an aqua “Go” bar, we see GoNoGo Oscillator has re tested the zero line from above and found support. As GoNoGo Oscillator moves back into positive territory we know that momentum is resurgent therefore in the direction of the new “NoGo” trend. We will look for price to continue higher from here.
