Michael941
Long

CAT Attempting breakout?

NYSE:CAT   CATERPILLAR INC
CAT appears to be in a descending wedge since around last week. Daily is also looking good for an upward movement. Over sold on daily, momentum gaining, already touched on wick potential bottom from Oct 2018 (also wicks that touched this point), as well as MACD looking solid to invert. CAT hasn't seen upward trajectory since April 18. Once these smaller time frames finish selling off I'll be picking up a few more calls into next week. Expecting solid movement up sometime between tomorrow and Thursday.


This is definitely not financial advice lol
Watching in about 2 hours for smaller time frames to have bottomed on macd and potentially hit 119 to collect more calls.
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