Nov. 14 at 11:25 PM
$MMM: The stock closed at
$167.58, showing a neutral RSI at 48.45, indicating no immediate overbought or oversold conditions. The 30-day moving average (MA30) is at
$161.77, suggesting a bullish trend as the price is above this level. The 50-day moving average (MA50) at
$159.29 further supports this bullish outlook. The recent 60-day high of
$172.85 indicates potential resistance, while the low of
$148.46 provides a solid support level.
Directional Bias: Bullish, as the stock is above both the MA30 and MA50, with room to approach the 60D high.
Suggested Entry:
$168.50 (slightly above last close to confirm upward momentum).
Stop:
$164.50 (below MA30 for risk management).
Targets:
$172.00 (near the 60D high) and
$175.00 (psychological resistance).
Monitor price action closely, especially around the high.
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