Caterpillar in a hesitant place - Analysis - 30-07-2019

Caterpillar's stock skidded alongside the downward trend line in the medium term, countered with positive support from the 50-day SMA, with positive signals from the RSI. 

Therefore we expect more losses for the stock, as long as the resistance of 137.50 holds on, targeting the support of 128.45. 

Expected trend for today: Bearish