3M may rise to 107.30 - 109.70

Our pivot point stands at 94.4.

Our preference

As long as 94.4 is support look for 107.3.

Alternative scenario

Below 94.4, expect 90.6 and 88.3.

Comment

The RSI is above its neutrality area at 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 99.828 and 95.015).

Supports and resistances

112 **

109.7 *

107.3 **

105

100.14 (USD-last)

96

94.4 **

90.6 *

88.3 **

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