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%
 
 
News Today