CAT Wave Analysis – 7 March 2025

- CAT reversed from the support area
- Likely to rise to the resistance level 360.00

CAT recently reversed from the powerful support area between the key support level 314.60 (which has been reversing the price from last year), lower weekly Bollinger Band and the 50% Fibonacci correction of the upward impulse from the end of 2023.

The upward reversal from this support zone is set to form the weekly Japanese candlesticks reversal pattern Hammer this week (strong buy signal for CAT).

Given the weekly daily uptrend and still oversold weekly Stochastic, CAT can be expected to rise further to the next resistance level 360.00.