SkiRus
Long

Caterpillar Inc brakes up triangle

NYSE:CAT   CATERPILLAR INC DEL
25 0 0
In early 2014 Caterpillar broke up the triangle on a weekly chart and tested the upper boundary of a multi-year corridor of 112$. Thereafter, prices started to correct.

Prices fell below 100$ and tested the level of 90$ in October, then rebounded above 100$. Lower point of a correction pattern and an uptrend formed on the chart.

Closing below 102$ formed a signal to buy with the target of 112$.
Stop loss – closing below 100$

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