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.%
1.0499
-0.0091
0.8571%
1.2185
-0.0121
0.9794%
22.617
-0.540
2.334%
72.610
-8.865
10.881%
77.82
0.63
0.82%
1783.365
-12.195
0.679%
 
 
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