CaterpillarLong
CAT: closing the gap?
A price action above 345.00 supports a bullish trend direction.
Bullish confirmation for a break above 356.00.
The target price is set at 367.00.
The stop-loss price is set at 340.00.
Closing the gap in a bullish setup is a positive signal because it suggests that the market has absorbed selling pressure and is continuing to advance, confirming the strength of the upward trend. This action can reassure market participants of the stock's momentum, encouraging further buying that could propel the stock higher. I
Bullish confirmation for a break above 356.00.
The target price is set at 367.00.
The stop-loss price is set at 340.00.
Closing the gap in a bullish setup is a positive signal because it suggests that the market has absorbed selling pressure and is continuing to advance, confirming the strength of the upward trend. This action can reassure market participants of the stock's momentum, encouraging further buying that could propel the stock higher. I
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