3M may rise to 108.50 - 110.40

Our pivot point stands at 98.3.

Our preference

As long as 98.3 is support look for 108.5.

Alternative scenario

Below 98.3, expect 95 and 93.1.

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 100.0625 and 97.808).

Supports and resistances

112.5 **

110.4 *

108.5 **

106.4

102.39 (USD-last)

99.6

98.3 **

95 *

93.1 **

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