The breakout of 3m Co. through the 163.00 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 158.80 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 163.00 numerous times, 3m Co. has finally broken through. Can we expect a bearish trend to follow?
