The breakout of 3m Co. through the 175.65 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 172.97 within the next 4 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 175.65 numerous times, 3m Co. has finally broken through. Can we expect a bearish trend to follow?
