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

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