Caterpillar suffers from negative pressures - Analysis - 21-05-2019

Caterpillar's stock fell 0.27% in the last session while piercing the support of 121.30, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, while hurt by exiting an ascending price channel recently in the short term. 

Therefore we expect more losses for the stock, especially if the support of 121.20 was breached, targeting the next one at 116.30. 

Expected trend for today: Bearish