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#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.

target levels:
128.8
131.5

https://www.tradingview.com/chart/CAT/jVc7kIqD-CATERPILLAR-CAT-Flag-Breakout-Bullish-Continuation/