The breakout of 3m Co. through the 127.50 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of 3m Co. to test 123.52 within the next 13 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 127.50 numerous times, 3m Co. has finally broken through. Can we expect a bearish trend to follow?
