CaterpillarSingkat
$CAT Caterpillar was already looking vulnerable before today.
Since or last look at Caterpillar in April, things have not improved much, the chart and price action continues to lack momentum in a bull market. Price indicators continue to point towards a bearish move, which is happening today, currently the price is below the 200ma in pre-market. Keep the $128 price level on your watchlist, a break below is a short signal to us.
Our April 24th Analysis
Caterpillar is really flattering in what has been a very bullish market, that alone creates a bearish sentiment in the name. We see nothing positive in the chart with considerable downside likely. We see $133 as critical support if that breaks next stop is $129 and possibly $120. News from the China trade talks could odd course send the stock on a bull run higher so trade with caution.
Our April 24th Analysis
Caterpillar is really flattering in what has been a very bullish market, that alone creates a bearish sentiment in the name. We see nothing positive in the chart with considerable downside likely. We see $133 as critical support if that breaks next stop is $129 and possibly $120. News from the China trade talks could odd course send the stock on a bull run higher so trade with caution.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.