April 22, 2013

CATERPILLAR nearing Death Cross

 
 
  • Caterpillar nearing death cross in daily chart.
  • Weekly chart is testing crucial support zone between 78 - 80. If this level holds an up move is likely.
  • Weekly chart also shows price closing below 200 Week SMA. If bounces today price should sustain above this level(200 wsma) otherwise a bigger correction looks likely in this stock.
  • ES CHART ANALYSIS
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