3M may rise to 107.30 - 109.20

Our pivot point is at 98.1.

Our preference

As long as 98.1 is support look for 107.3.

Alternative scenario

Below 98.1, expect 95.1 and 93.3.

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 101.0905 and 99.2586).

Supports and resistances

110.9 **

109.2 *

107.3 **

105.5

101.62 (USD-last)

99.3

98.1 **

95.1 *

93.3 **

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