3M may rise to 141.40 - 143.20

Our pivot point is at 132.

Our preference

As long as 132 is support look for 141.4.

Alternative scenario

The downside breakout of 132 would call for 129.1 and 127.3.

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 below its 20 day moving average (135.843) but above its 50 day moving average (132.4576).

Supports and resistances

145 **

143.2 *

141.4 **

139.7

135.14 (USD-last)

133.1

132 **

129.1 *

127.3 **

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