October 23, 2013

CATERPILLAR Chart analysis

  • Recent attempts in daily time frame to stay above 200 SMA does not look good for Bulls But price action in weekly chart looks slightly bulls. 
  • Weekly chart shows a range of 9 points and Price trying to stay above the weekly cloud. Sustaining above the cloud price should move towards 95 - 98 zone. Negative news may take price towards the lower end of the range at 80.

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