#Forecast #STOCKS CATERPILLAR (CAT) Flag Breakout & Bullish Co | We Trade Stocks
#Forecast #STOCKS CATERPILLAR (CAT) Flag Breakout & Bullish Continuation
hey guys,
on a mid-term perspective caterpillar is trading in a bullish trend . at the beginning of June, the correction started and for the last two weeks the price was steadily going down within a falling channel but NOW it looks like the market is returning to a trend.
the price broke above a resistance line of a bullish flag formation. the breakout is considered to be confirmed and we now can expect a further bullish continuation.