Caterpillar Inc. is heading towards a price line of 175.00 and could reach this point within the next 16 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
MSFT seems to be on its way to resistance – a possible opportunity?
MSFT is en route to a very important line that will be a definite deciding factor of what…
Because AVGO formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
An emerging Rising Wedge has been detected on AVGO on the 1 hour chart. There is a possible…
If you’re short INTC you should be aware that 23.6600 has just been breached – a level tested 4 time in the past
INTC has broken through a line of 23.6600 and suggests a possible movement to 24.2670 within the next…