The breakout of Caterpillar Inc. through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Caterpillar Inc. to test 121.37 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?
