3M returns higher - Analysis - 17-01-2020

3M's stock returned higher while settling above the support of 176.96, representing the ratio 38.2% of Fibonacci retracement levels for a descending wave, amid positive support from the 50-day SMA, scoring a 0.68% profit, with negative signals from the RSI. 

Therefore we expect more gains for the stock, targeting the next resistance at 185.09. 

Expected trend for today: Bullish