3M may rise to 142.90 - 145.00

Our pivot point is at 132.8.

Our preference

As long as 132.8 is support look for 142.9.

Alternative scenario

Below 132.8, expect 129.5 and 127.5.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 135.7325 and 132.0004).

Supports and resistances

146.9 **

145 *

142.9 **

141

136.35 (USD-last)

134

132.8 **

129.5 *

127.5 **

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