3M may rise to 141.90 - 144.20

130 is our pivot point.

Our preference

As long as 130 is support look for 141.9.

Alternative scenario

Below 130, expect 126.2 and 123.9.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (135.4175) but above its 50 day moving average (131.3384).

Supports and resistances

146.5 **

144.2 *

141.9 **

139.6

134.75 (USD-last)

131.6

130 **

126.2 *

123.9 **

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