3m Co. has broken through a resistance line of a Falling Wedge and suggests a possible movement to 170.80 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Big movement expected on 3m Co. after a breach of the resistance
