Caterpillar

CAT

83
Regarding Caterpillar stock (CAT), we expect a support line at 334 with a possibility of a rebound from there. However, if it breaks and closes below this level, it officially signals the start of a correction with an initial target of 296, where a harmonic Gartley pattern will likely form. If the stock does not rebound and respond to this pattern, the decline may continue to 245.




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