CAT) Preço capaz de ensacar mais?
As per price action, CAT was in a bullish trend from September last year even before 2023 started. The CAT price found support around $160 and was strongly bought as it was available at a discount. From the low of $160 to the high of $290, the journey was zig zag and upwards, the high was reached by August 1st, 2023. Moreover, the price spent a fair amount of time on Fibonacci levels of 61.80%, 50.00%, 38.20%, and 23.60% and stepped up smoothly from these Fibo levels. As per the CMP $281.1 (at press time), the price faced some resistance and dropped to the 23.60% level and bounced back upwards. Moreover, it is observed that on most of the quarter reports, the stock is bought. The current stock price of CAT stock might achieve more, there is a possibility for the price to move toward the next resistance level of $285 and an annual high of $290. On the other hand, if the price breaks below the $275 significant support level, it might fall toward $269 and beyond. At the time of publishing, Caterpillar Inc.(NYSE: CAT) is trading above the 20, and 50 EMA. RSI is around 60, turned bullish as it took 14