The breakout of Caterpillar Inc. through the 89.80 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Caterpillar Inc. to test 85.92 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 89.80 numerous times, Caterpillar Inc. has finally broken through. Can we expect a bearish trend to follow?
