3M may rise to 107.60 - 109.40

Our pivot point stands at 98.4.

Our preference

As long as 98.4 is support look for 107.6.

Alternative scenario

Below 98.4, expect 95.3 and 93.5.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 101.241 and 99.4386).

Supports and resistances

111.1 **

109.4 *

107.6 **

105.7

101.62 (USD-last)

99.5

98.4 **

95.3 *

93.5 **

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