Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 10, 2013
CATERPILLAR Trend update
caterpillar nearing 20 Day sma.
Price also near 23.6% Fib level in daily time frame.
Hour chart is trying to turn bullish, Price trying to stay above the hourly cloud. 200 Hour SMA looks a strong resistance level.
It's an attempt to turn the down trend which needs price to sustain above 20 Day SMA.
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