Fundamental
EAF is a manufacturer of graphite electrodes and petroleum coke, which are essential for the production of electric arc furnace steel and other metals. Currently, approximately 60% of the world's graphite electrodes are produced in China. With the uncertainty in political tension between the 2 countries going forward, China could add tariff or...
Fundamental -- Too many tractors and industrial machines, remind me of the car boom back in 2021 with the drop of Tesla, GM and Ford.
Technical: Breakdown from a Head and shoulder pattern after bad earning, came back, filled the gap, gathered some more sellers, and keep getting rejected around 360 area.
It is time for CAT to test the long term trend at the...