nirmalc83

CAT Long

Long
nirmalc83 Updated   
NYSE:CAT   Caterpillar
Daily chart on CAT is bullish upon trendline break. W pattern as well. Highly dependent on DOW30 movement as well (since CAT is a component).
Comment:
Invalidated pattern. Looks more like a bearish descending triangle forming. Need to wait for it to give us a new setup.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.