3M adds to gains - Analysis - 18-10-2021

3M's stock rose 0.90% in the last session for the third straight session, settling at 181.94, amid positive signals from the RSI, with the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the pivotal support at 173.85, provided the resistance of 186.55 holds on.

Expected trend for today: Bearish