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FiboTrader1

Short CAT

Short
Caterpillar (NYSE:CAT)  
FiboTrader1  
NYSE:CAT   Caterpillar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Cat reached the 3.618 TBFE back in June and then subsequently fell below the ascending channel in August. With no BBB legislation being passed and most industrial and grocery stocks trading similarly to tech stocks, it is fair to assume that companies like CAT, HD, LOW, and COST will each have great shorting opportunities in the next few weeks. As CAT has settled within a wedge, the likelihood that this stock falls further to the downside is good. First target is 184 and second target is 166.

Not financial advice
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