3M may rise to 143.10 - 145.40

Our pivot point stands at 131.

Our preference

As long as 131 is support look for 143.1.

Alternative scenario

The downside breakout of 131 would call for 126.9 and 124.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 134.479 and 130.545).

Supports and resistances

147.9 **

145.4 *

143.1 **

140.7

135.27 (USD-last)

132.4

131 **

126.9 *

124.7 **

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