3M exhausts positive chances - Analysis - 22-09-2020

3M's stock skidded 4.83% in the last session with negative signals from the RSI, while seeking a bottom to bounce it higher anew, leaning thereafter on the upward medium-term trend line, while also leaning on the 50-day SMA support. 

Therefore we expect the stock to return higher, targeting the first resistance at 168.65, provided the support of 160.50 holds on. 

Expected trend for today: Bullish