3M under negative pressure - Analysis - 04-01-2021

3M's stock declined barely 0.01% in the last session after touching the resistance of the 50-day SMA, while also testing the downward correctional trend line in the short term, with negative signals from the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the support of 169.20, provided the resistance of 179.50 holds on.

Expected trend for today: Bearish