3M may rise to 149.90 - 157.60

112.8 is our pivot point.

Our preference

The upside prevails as long as 112.8 is support.

Alternative scenario

Below 112.8, expect 100.1 and 92.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 113.644 and 105.8886).

Supports and resistances

165.3 **

157.6 *

149.9 **

142.1

122.83 (USD-last)

117.8

112.8 **

100.1 *

92.6 **

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