3M may rise to 148.30 - 156.00

Our pivot point is at 112.8.

Our preference

As long as 112.8 is support look for 148.3.

Alternative scenario

Below 112.8, expect 100.3 and 92.8.

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 117.8795 and 107.9572).

Supports and resistances

163.6 **

156 *

148.3 **

140.7

125.35 (USD-last)

117.8

112.8 **

100.3 *

92.8 **

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