CAT - Time to go down
Fundamental -- Too many tractors and industrial machines, remind me of the car boom back in 2021 with the drop of Tesla, GM and Ford.
Technical: Breakdown from a Head and shoulder pattern after bad earning, came back, filled the gap, gathered some more sellers, and keep getting rejected around 360 area.
It is time for CAT to test the long term trend at the 200MA at 300.
CAT target 1 - 330, target 2 - 300
Technical: Breakdown from a Head and shoulder pattern after bad earning, came back, filled the gap, gathered some more sellers, and keep getting rejected around 360 area.
It is time for CAT to test the long term trend at the 200MA at 300.
CAT target 1 - 330, target 2 - 300
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.