The breakout of 3m Co. through the 203.32 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 207.53 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
GOOGL seems to be on its way to resistance – a possible opportunity?
A strong resistance level has been identified at 197.9200 on the 1 hour GOOGL chart. GOOGL is likely…
A possible move on CVX as it heads towards resistance
CVX is moving towards a resistance line. Because we have seen it retrace from this line before, we…
TSLA likely to test 332.3700 in the near future. Where to next?
TSLA is en route to a very important line that will be a definite deciding factor of what…