3M relinquishes gains - Analysis - 26-10-2020

3M's stock (MMM) fell off a session-high at 172.05 and amid negative signals from the RSI, while gathering momentum to help it rise and target the stubborn resistance of 166.63, amid positive pressure from the 50-day SMA, while trading alongside the upward medium-term trend line. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 182.17, provided the resistance of 169.65 was breached. 

Expected trend for today: Bullish