Caterpillar steadies at positive zone - Analysis - 22-11-2019

Economies.com
2019-11-22 13:31PM UTC

Caterpillar's stock regained footing with a 1.30% profit in the last session, while settling above 142.50, representing the 50% ratio of Fibonacci retracement levels for a descending long-term wave, with positive support from the 50-day SMA and the RSI. 

 

Therefore we expect more gains for the stock, targeting the next resistance at 149.75. 

 

Expected trend for today: Bullish 

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