Potential Reversal and Bullish Momentum Ahead $CAT

8 ene

CAT has caught attention during a random TradingView screening, displaying indications of a trend reversal after initiating an upward movement on December 4. The critical support level stands at $283.29. Should the stock successfully breach the resistance at $299.20, there's a prospect for a sustained bullish trend.

A noteworthy factor is the upcoming earnings report in 26 days, which may influence the stock's performance. Traders should monitor closely, focusing on the breakout above $299.20 as a potential signal for further upward momentum.g its trend to continue an upward movement that started on December 4. The support level is around $283.29, and if the stock breaks past the resistance at $299.20, it could potentially continue its bullish trend. It's worth noting that earnings are coming up in days, which could impact the stock's performance. Keep an eye on these levels and watch for the breakout beyond $299.20 for potential upward momentum.