CAT Caterpillar looking oversold on the daily chart - catching support at gapfill around $132.50 today, already bounced nearly $3 intraday. Expecting continuation to at least $140 in the very near term, possibly further. Breaking through the 200d ema will be crucial for additional gains, may see some resistance there. Note this stock has been one of the equities affected by trade war concerns, beware it could make a significant move in either direction with further trade war developments and/or POTUS tweets.
Note: Observation/opinion, not investment advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.