Caterpillar parks at strong resistance - Analysis - 13-02-2020
2020-02-13 11:47:23 GMT
(Economies.com)
Caterpillar's stock rallied 2.50% in the last session, settling at 139.59, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional short-term wave, retesting the pivotal resistance of 139.20 to recoup some past losses.
Therefore we expect the stock to return lower, targeting the support of 129.32, especially if the resistance of 139.20 held on.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1039
|
0.0224
|
2.0730%
|
|
|
|
|
1.2820
|
-0.0128
|
0.9886%
|
|
|
|
Tadawul
|
7628.34
|
-82.78
|
1.07%
|
|
|
|
|
16.632
|
-1.861
|
10.063%
|
|
|
|
|
45.215
|
-8.118
|
15.221%
|
|
|
|
|
50.52
|
-1.66
|
3.18%
|
|
|
|
|
1578.740
|
-64.905
|
3.949%
|
|
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