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vlad.adrian
28 août 2013 15:27

CAT - Head and Shoulders 

Caterpillar, Inc.NYSE

Description

Here we have a head and shoulders continuation pattern for the big downtrend, a head and shoulders pattern with three shoulders. Over the last 5 months a symetrical triangle has been formed, with price opening under the triangle line today. Close, we have the neckline, and a few dollars below we have the support line from the last low. In my opinion, the big downtrend is going to continue, but the next couple of weeks will offer a better sight of the future.
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