Will the Ascending Triangle hold or fail? Plot your targets on the chart.
Bullish continuation pattern.
Technical analysis of J.M. Smucker Company (The) (SJM) reveals a significant setup. Currently at $118.32, the asset is showing upward momentum (2.26%). The primary technical feature is a Ascending Triangle formation. The trend indicator is reading 26.0/100, suggesting moderate momentum. A potential breakout level is identified at $118.42, targeting $129.73 with support near $107.45 (R:R 1.03).
What is your outlook on SJM?