3M may rise to 108.40 - 110.30

Our pivot point stands at 97.6.

Our preference

As long as 97.6 is support look for 108.4.

Alternative scenario

Below 97.6, expect 94.3 and 92.4.

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 100.0175 and 97.6128).

Supports and resistances

112.4 **

110.3 *

108.4 **

106.3

101.66 (USD-last)

98.9

97.6 **

94.3 *

92.4 **

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