3M may rise to 109.80 - 111.50

Our pivot point is at 101.

Our preference

The upside prevails as long as 101 is support.

Alternative scenario

Below 101, expect 98.2 and 96.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 102.3875 and 101.2026).

Supports and resistances

113.1 **

111.5 *

109.8 **

108.1

103.92 (USD-last)

102

101 **

98.2 *

96.5 **

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