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.
Related Posts
AMZN posted 7 consecutive bearish Daily candles.
AMZN moved lower from 233.7700 to 218.1650 after 7 consecutive daily candles over 10 days.
XOM – breach of price line that’s been previously tested numerous times before
XOM has breached the resistance line at 115.4800. It may continue the bullish trend towards 117.9020, or, it…
ADBE has broken through resistance of a Triangle. It has touched this line at least twice in the last 8 days.
This trade setup on ADBE is formed by a period of consolidation; a period in which the price…