3M may rise to 110.20 - 112.50

Our pivot point stands at 97.9.

Our preference

As long as 97.9 is support look for 110.2.

Alternative scenario

Below 97.9, expect 94.4 and 92.2.

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 100.733 and 96.6908).

Supports and resistances

114.7 **

112.5 *

110.2 **

108

101.21 (USD-last)

99.3

97.9 **

94.4 *

92.2 **

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