Will the Double Bottom hold or fail? Plot your targets on the chart.
Reversal pattern after a downtrend.
SJM is showing interesting structural developments at $95.47. With a last close of $95.47, volatility remains active (-0.02%). Price action has carved out a classic Double Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $119.39, targeting $145.18 with support near $106.49 (R:R 2.0).
What is your outlook on SJM?