MichaelMF

CAT Movement

NYSE:CAT   Caterpillar
Possible ascending wedge.

Either a big pop coming soon or a big drop. I'm thinking we see a fake out break down and then power through to new 52 week highs. If a drop could see $141 or lower.

RSI negative divergence, but thinking we could turn around on it, Blue dashed line shows an area with some reversals on the daily RSI that could offer support.

A/D in uptrend, could see small drop minimal with a bounce off trend line or it could tank time will tell.

MFI getting squeezed in symmetrical triangle, formation started in uptrend so expecting it may exit in uptrend.
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