3M suffers from negative pressures - Analysis - 20-12-2021

2021-12-20 11:10:33 GMT (Economies.com)
 

3M's stock declined 2% in the last session after touching the resistance of the 50-day SMA, while testing the ceiling of that descending correctional price channel that guided recent short-term trading.

 

Therefore we expect more losses for the stock, targeting the support of 169.29, provided the resistance of 179.50 holds on.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0747
0.0094
0.8862%
1.2637
0.0074
0.5898%
22.094
0.182
0.833%
113.927
3.788
3.439%
117.53
0.13
0.11%
1853.135
-3.300
0.178%
 
 
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