MarcoOlevano

#CAT Caterpillar breaking down

Short
NYSE:CAT   Caterpillar, Inc
Caterpillar is often seen as a bit of a proxy to the strength of the market - busy undergoing a serious breakdown. Also seen a death cross lately where the 50dma crosses below the 200dma and now trading under both moving averages. Very little reason to be optimistic with this chart. If the triangle target plays out we could move to $182

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