The breakout of Caterpillar Inc. through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we expect the price of Caterpillar Inc. to test 137.49 within the next 13 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, Caterpillar Inc. has finally broken through. Can we expect a bearish trend to follow?
