Shooting stars and doji stars are unable to stop the rapid growth of heavyweight stocks in the production of specialized construction and industrial equipment: Caterpillar company.
It seems that geopolitical instability in eastern Europe plays into the company's hands. Since the opening of trading on 24 February to the disperse trading of yesterday, the stocks have been increased by more than 19%.
The line of the DeMarker indicator is directed upwards and it is approaching the overbought zone now. However, it has not yet reached it which means that some growth of Caterpillar is still possible.
If the trend continues, the next target will be the level of 230.
This content is for informational purposes only and is not intended to be investing advice.
