Stocks

3M relinquishes gains - Analysis - 26-10-2020

2020-10-26 12:34:55 GMT (Economies.com)

3M's stock (MMM) fell off a session-high at 172.05 and amid negative signals from the RSI, while gathering momentum to help it rise and target the stubborn resistance of 166.63, amid positive pressure from the 50-day SMA, while trading alongside the upward medium-term trend line. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 182.17, provided the resistance of 169.65 was breached. 

 

Expected trend for today: Bullish 

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