3m Co. has broken through the support line of a Head and Shoulders technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 10 days and suggests a target line to be around 171.07 within the next 2 days.
ARTÍCULOS RELACIONADOS
After testing support twice in the past, AMZN has finally broken through. Can we expect a bearish trend to follow?
This trade setup on AMZN is formed by a period of consolidation; a period in which the price…
Supports and resistances are primary concepts of technical analysis. TSLA is heading for an important price of 332.9500 – read about what this could mean for the future.
TSLA is moving towards a resistance line. Because we have seen it retrace from this level in the…
A Channel Up has formed, PFE is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
PFE is heading towards the resistance line of a Channel Up. If this movement continues, the price of…