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3M price pierces pivotal resistance – Forecast today

By Published On: January 22, 20250.4 min readViews: 320 Comments on 3M price pierces pivotal resistance – Forecast today

3M’s stock price (MMM) rallied in the intraday levels, accompanied by a surge in trading volumes, while managing to pierce the pivotal resistance of $141.45, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, provided it settles firmly above $141.45, targeting the resistance of $168.54. 

 

Trend forecast for today: Bullish 

 




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