3M may rise to 110.10 - 112.20

Our pivot point is at 99.

Our preference

As long as 99 is support look for 110.1.

Alternative scenario

Below 99, expect 95.7 and 93.6.

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 trading above both its 20 and 50 day moving average (respectively at 100.974 and 98.889).

Supports and resistances

114.3 **

112.2 *

110.1 **

108

102.19 (USD-last)

100.3

99 **

95.7 *

93.6 **

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