Bearish Patterns Appear in this Industrial Giant


Caterpillar was a top pick among investors for the rebound last year. But now the chart is showing several bearish patterns.

First is the string of lower highs over the last five weeks. CAT held support around $200 during that time, resulting in a potential descending triangle. Friday, interestingly, was the first …

For more, please click here to view the related idea and chart analysis on TradingView.

Caterpillar (CAT), daily chart with selected patterns, courtesy of TradingView.
Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform