A key Ascending Triangle has formed on CAT. Analyze the breakout level now.
Bullish continuation pattern.
A clear signal has emerged for Caterpillar Inc. (CAT) on the daily chart. Price has moved to $794.25 (0.32%) amidst recent volatility. Price action has carved out a classic Ascending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $798.54, targeting $934.23 with support near $672.0 (R:R 1.07).
What is your outlook on CAT?