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CATERPILLAR and its medium-term bullish channel

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Caterpillar has been immersed in a broad medium-term bullish channel for a year, a formation that has allowed it to accumulate a revaluation of close to 120%.

Pro1 PREMIUM Portfolio

Resistances: $245.

Supports: $228, $215, $200, $180.

Targets: (Bullish) $260, $280, $300 (Bearish) $215, $192, $180, $140.

Trend structure in CATERPILLAR:

  • Short term: Neutral-bullish.
  • Medium term: Bullish.
  • Long term: Bullish.

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