Mar. 20 at 12:26 PM
$CAT | "You know things are getting iffy when CAT starts breaking down"
Went on an extraordinary run — from a low of ~
$267 in early April 2025 to a peak of ~
$790 in mid-February 2026. That's nearly +195% in under a year.
The uptrend was clean, with the EMA(13) (green) consistently above the EMA(48) (purple) and price mostly riding above both.
The chart is now telling a very different story.
The trend structure has deteriorated. The EMA cross is bearish if it occurs, the
$700–
$710 zone is resisting, and lower highs are forming since the February peak.
The bounce today looks tentative — price needs to reclaim and close above ~
$710 convincingly to suggest any recovery. Without that, the path of least resistance points toward the
$660 and then
$625–
$635 zone.
