Solventum have been in consolidation mode for month. The price action from consolidation had performed cup and handle chart pattern.
Our Strategy indicator already triggered first buy opportunity 27 Jan 2024, and the price maintain consolidate above moving average 50.
With RSI value currently above 50 and MACD line is about to cross, the stock is showing momentum and breakout $77 may push stock higher.
Our Strategy indicator already triggered first buy opportunity 27 Jan 2024, and the price maintain consolidate above moving average 50.
With RSI value currently above 50 and MACD line is about to cross, the stock is showing momentum and breakout $77 may push stock higher.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.