Caterpillar sharpens decline - Analysis - 20-09-2021

Caterpillar's stock (CAT) fell 1.89% in the last session while hurt by piercing the main upward trend line recently, amid the dominance of the downward correctional short-term wave, as the stock suffered negative pressure from the 50-day SMA, with negative signals from the RSI.

Therefore we expect more losses for the stock, targeting the first support at 192.75, provided it settles below 205.30.

Expected trend for today: Bearish