Caterpillar Inc. has broken through the support line of a Channel Up. It has touched this line at least twice in the last 30 days. This breakout indicates a potential move to 130.59 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Is the extremely large movement on AMZN a sign of things to come?
AMZN experienced an extremely large move that lasted 26. This movement is in the 2.0 percentile and is…
AAPL – approaching a resistance line that has been previously tested at least twice in the past
AAPL is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great…
Breach of 436.9300 could mean a start of a bearish trend on ADBE
ADBE has broken through 436.9300 which it has tested numerous times in the past. We have seen it…