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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