Caterpillar Inc. has broken through a resistance line of a Ascending Triangle chart pattern. If this breakout holds true, we expect the price of Caterpillar Inc. to test 199.95 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Breach of resistance could mean a start of a bullish trend on Caterpillar Inc.
