3M returns tentatively higher - Analysis - 21-05-2020

2020-05-21 10:18:56 GMT (Economies.com)
 

3M's stock returned higher while tackling the pivotal resistance of 150.85, marking a 0.88% profit in the last session, with support from the 50-day SMA while trading alongside the upward short-term trend line, as the RSI reached overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 162.89, provided the first resistance of 149.68 was breached. 

 

Expected trend for today: Bullish  

 
 
 
  Symbol Last Change Chg.%
1.2115
0.0118
0.9857%
1.3369
-0.0001
0.0090%
Tadawul
8694.13
-17.99
0.21%
24.115
1.869
8.399%
44.950
-0.380
0.838%
47.89
0.49
1.03%
1831.050
54.870
3.089%
 
 
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