3M may rise to 106.90 - 108.60

Our pivot point stands at 96.1.

Our preference

As long as 96.1 is support look for 106.9.

Alternative scenario

The downside breakout of 96.1 would call for 93.3 and 91.8.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 101.49 and 100.149).

Supports and resistances

110.3 **

108.6 *

106.9 **

105.2

101.67 (USD-last)

97.2

96.1 **

93.3 *

91.8 **

Number of asterisks represents the strength of support and resistance levels.