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TraderKierran

CAT - Time to go down

Caterpillar (BATS:CAT)  
TraderKierran  
BATS:CAT   Caterpillar
Trend Analysis Chart Patterns
2
2
trendanalysis chartpattern
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
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