Caterpillar attacks downward correctional trend line - Analysis - 28-12-2021

Caterpillar's stock (CAT) rose 0.09% in the last session, supported by the 50-day SMA, with positive signals from the RSI, and settling at 206.38, while attacking the downward correctional trend line in the short term, in an attempt to shake off negative pressures. 

Therefore we expect more gains for the stock, targeting the first resistance at 215.70, provided the support of 200.00 holds on.

Expected trend for today: Bullish