Will the Rounding Bottom hold or fail? Plot your targets on the chart.
Gradual reversal from bearish to bullish.
A clear signal has emerged for J.M. Smucker Company (The) (SJM) on the daily chart. With a last close of $110.86, volatility remains active (-1.86%). Price action has carved out a classic Rounding Bottom. The trend indicator is reading 26.0/100, suggesting moderate momentum. A potential breakout level is identified at $117.74, targeting $148.2 with support near $102.51 (R:R 2.0).
What is your outlook on SJM?