Our pivot point is at 101.9.
Our preference
The upside prevails as long as 101.9 is support.
Alternative scenario
The downside breakout of 101.9 would call for 98.2 and 96.1.
Comment
The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 96.888 and 92.2782). Finally, 3M is trading above its upper Bollinger band (standing at 105.02).
Supports and resistances
116.6 **
114.4 *
112.3 **
110.1
105.26 (USD-last)
103.2
101.9 **
98.2 *
96.1 **
Number of asterisks represents the strength of support and resistance levels.
