Will the Falling Wedge hold or fail? Plot your targets on the chart.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Technical analysis of J.M. Smucker Company (The) (SJM) reveals a significant setup. The stock is trading at $92.21, up 2.99% on the day. Algorithmically, a Double Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $114.84, targeting $141.43 with support near $101.54 (R:R 2.0).
What is your outlook on SJM?