3M stalls - Analysis - 31-03-2021

Economies.com
2021-03-31 10:13AM UTC

3M's stock fell 0.56% in the last session, snapping a four-session profit streak as traders collect gains, while the stock gathers momentum to maintain the main upward medium-term trend, with positive pressure from the 50-day SMA, while venting off overbought saturation in the RSI.

 

Therefore we expect the stock to rise and target the psychological resistance of 200.00, provided the support of 187.18 holds on.

 

Expected trend for today: Bullish 

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