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

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