3M ends cautiously higher - Analysis - 06-10-2021

2021-10-06 12:24:17 GMT (Economies.com)
 

3M's stock rose 1.05% in the last session while recouping some recent short-term losses, as it vents off oversold saturation in the RSI, amid positive signals out of them, with negative pressure from the 50-day SMA, amid the dominance of the downward correctional short-term wave. 

 

Therefore we expect the stock to return lower, targeting the support of 173.00, provided it holds below the resistance of 179.50.

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0169
-0.0050
0.4859%
1.2108
0.0004
0.0306%
20.099
-0.151
0.748%
86.833
-0.428
0.490%
92.34
-2.76
2.90%
1774.570
-7.115
0.399%
 
 
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