3M tries to recoup some losses - Analysis - 23-09-2021

2021-09-23 11:34:23 GMT (Economies.com)
 

3M's stock rose 0.8% in the last session, settling at 179.84, while recouping recent losses in the short term, amid the dominance of the downward correctional wave, while venting off oversold saturation in the RSI, with negative pressure from the 50-day SMA.

 

Therefore we expect  the stock to return lower, targeting the support of 173.00, provided the support of 179.50 was breached. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1604
-0.0008
0.0715%
1.3738
-0.0031
0.2280%
Tadawul
11807.79
-43.89
0.37%
24.084
-0.392
1.602%
82.322
-2.605
3.067%
84.63
-1.80
2.08%
1795.760
-8.285
0.459%
 
 
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