3M may rise to 142.80 - 145.10

Our pivot point is at 131.1.

Our preference

As long as 131.1 is support look for 142.8.

Alternative scenario

The downside breakout of 131.1 would call for 127.2 and 124.9.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 135.475 and 131.5488).

Supports and resistances

147.5 **

145.1 *

142.8 **

140.5

135.76 (USD-last)

132.6

131.1 **

127.2 *

124.9 **

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