3M returns lower - Analysis - 24-11-2021

Economies.com
2021-11-24 11:06AM UTC

3M's stock returned lower with a 0.11% in the last session after exiting an ascending correctional price channel in the short term, while suffering from pressure from the 50-day SMA, settling thereafter at 179.46.

 

Therefore we expect more losses for the stock, targeting the support of 173.83, provided the support of 179.47 was breached.

 

Expected trend for today: Bearish 

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