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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