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3M readies to tackle current resistance - Analysis - 03-06-2020

Economies.com
2020-06-03 11:38AM UTC

3M's stock rose 1.32% in the last session while trading alongside the upward short-term trend line, with support from the 50-day SMA, targeting the resistance of 159.19, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 187.00 to 114.01). 

 

Therefore we expect more gains for the stock, targeting the next resistance at 169.94, representing the ratio 76.4% of the same retracement levels. 

 

Expected trend for today: Bullish 

McDonald's barely improves - Analysis - 03-06-2020

Economies.com
2020-06-03 11:37AM UTC

McDonald's stock rose 0.10% in the last session with negative signals from the RSI, coupled with support from the 50-day SMA, while trading alongside the upward short-term trend line. 

 

Therefore we expect more gains for the stock, targeting the resistance of 199.75, provided the resistance of 187.43 was breached. 

 

Expected trend for today: Bullish 

Coca-Cola declines alongside upward trend line - Analysis - 03-06-2020

Economies.com
2020-06-03 11:37AM UTC

Coca-Cola's stock fell 0.19% in the last session while gathering momentum to help it rise anew, as it vented off overbought saturation from the RSI, while trading alongside the upward short-term trend line, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 49.72, provided the support of 44.62 holds on. 

 

Expected trend for today: Bullish 

JPMorgan rises cautiously - Analysis - 03-06-2020

Economies.com
2020-06-03 11:36AM UTC

JPMorgan & Chase's stock rose 0.33% in the last session amid the dominance of the upward short-term trend, with support from the 50-day SMA, with negative signals from the RSI, while venting off overbought saturation. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 104.17. 

 

Expected trend for today: Bullish