Caterpillar settles at positive zone - Analysis - 10-12-2019

Caterpillar's stock inched up 0.08% in the last session while settling above the support of 141.13, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave, with positive support from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect more gains for the stock, targeting the next resistance at 148.08, representing the ratio 76.4%. 

Expected trend for today: Bullish