nirmalc83
Short

CAT Short

NYSE:CAT   CATERPILLAR INC
Flipped CAT to a short idea (or put play).Hanging on to horizontal support. If it breaks, likely tests 200 day SMA which is about 10 points below.
Mar 27
Comment: Play is still valid since yesterday's bullish candle is somewhat negated by today's bearish candle. Not fully engulfing though. But market is weak. Possible downside trigger level may be breached in next 2 days.
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