May 8, 2012

CATERPILLAR Below 200 Day SMA


  • Caterpillar has fallen below the crucial support zone of 97 - 98.
  • Price has also fallen below 200 Day SMA. For bears need a daily close below 200 SMA to gain more strength.
  • Hour chart too is trending below the cloud. Hour trading above the cloud may give an oversold bounce which looks unlikely at the moment.



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