The breakout of 3m Co. through the 146.40 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, 3m Co. could test 141.55 within the next 7 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 146.40 numerous times, 3m Co. has finally broken through. Can we expect a bearish trend to follow?
