Caterpillar gives in to negative pressures - Analysis - 30-09-2021

Caterpillar's stock (CAT) fell in the intraday levels while trading within a descending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, while a negative divergence forms in the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the support of 187.00, provided the resistance of 200 holds on.

Expected trend for today: Bearish