Caterpillar's rose 1% in the last session amid positive signals from the RSI, with support from the 50-day SMA, tackling the resistance of 126.32, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term, with support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 135.76, representing the ratio 76.4% of the same retracement levels.
Expected trend for today: Bullish