The breakout of 3m Co. through the 197.63 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 196.54 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 197.63 numerous times, 3m Co. has finally broken through. Can we expect a bearish trend to follow?
