3M relinquishes gains - Analysis - 26-10-2020
2020-10-26 12:34:55 GMT
(Economies.com)
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
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2111
|
0.0046
|
0.3775%
|
|
|
|
|
1.3671
|
0.0122
|
0.9030%
|
|
|
|
Tadawul
|
8878.30
|
-29.61
|
0.33%
|
|
|
|
|
25.358
|
0.453
|
1.817%
|
|
|
|
|
53.620
|
1.320
|
2.524%
|
|
|
|
|
56.38
|
0.54
|
0.97%
|
|
|
|
|
1848.970
|
12.855
|
0.700%
|
|
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