31.08.2015 - Caterpillar rebounded from the upper boundary of the descending channel

Caterpillar's stock price rebounded by the level of 72.00 and approached to the upper boundary of the descending channel. In case of breaking through the mark of 79.00, the price is likely to continue to rise to the target marks 86,00 and 89,20. On the other hand, breaking of 72.00 will be the a basis for further price fall to the target marks 70,00 and 65,00. Our medium-term outlook is negative.

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