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

2021-11-24 11:06:21 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1318
0.0048
0.4246%
1.3319
0.0010
0.0714%
Tadawul
10810.60
-60.02
0.55%
22.836
-0.209
0.907%
68.175
-4.226
5.837%
70.81
-2.63
3.58%
1792.060
6.970
0.391%
 
 
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