3M may rise to 110.10 - 111.80

Our pivot point stands at 100.2.

Our preference

The upside prevails as long as 100.2 is support.

Alternative scenario

Below 100.2, expect 97.5 and 95.8.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 102.5165 and 101.375).

Supports and resistances

113.4 **

111.8 *

110.1 **

108.4

104.97 (USD-last)

101.3

100.2 **

97.5 *

95.8 **

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