Also see a bull flag and price has broken upper trendline.
Resistance noted at buy side of cup. The other side, the sell side, is a high so it is not unusual to encounter resistance there.
There is a larger cup and handle with a break of 246.79 which is a bit above the high of this cup.
CAT has 8 earnings misses out of the last 19 reports. Some of the misses are on EPS, but majority are a miss on revenue. Guidance was not on this report I read, and can be crucial at earnings.
There has been significant insider selling in the last 3 months. Just FYI. Negative volume is high so large money is buying on down days. Cat does make agriculture equipment as part of it's business which has been a hot item since the supply lines were interrupted. Folks have to eat (o:
I plan to watch as sometimes things can get sticky in the days leading up to earnings. Long with a clear break of long entry level or possibly a fall to a strong level of support.
No recommendation
Resistance noted at buy side of cup. The other side, the sell side, is a high so it is not unusual to encounter resistance there.
There is a larger cup and handle with a break of 246.79 which is a bit above the high of this cup.
CAT has 8 earnings misses out of the last 19 reports. Some of the misses are on EPS, but majority are a miss on revenue. Guidance was not on this report I read, and can be crucial at earnings.
There has been significant insider selling in the last 3 months. Just FYI. Negative volume is high so large money is buying on down days. Cat does make agriculture equipment as part of it's business which has been a hot item since the supply lines were interrupted. Folks have to eat (o:
I plan to watch as sometimes things can get sticky in the days leading up to earnings. Long with a clear break of long entry level or possibly a fall to a strong level of support.
No recommendation