Bank of America price starts recovering – Forecast today
3M’s stock price rose in latest intraday trading after leaning on the support of the 50-day SMA, lending the stock some positive momentum, amid the dominance of the main upward trend in the medium term, with positive signals from the Stochastic after reaching oversold levels compared to the price’s movements, forming a positive divergence.
Therefore we expect more gains for the price, provided the support of $141.35 holds on, targeting the pivotal resistance of $145.00.
Today’s price forecast: Bullish
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