andrew.berg
Short

CAT classical "h-pattern"

NYSE:CAT   CATERPILLAR INC DEL
This construction mashinery company entered into strong uptrend since December 2013             after it broke up major consoldation resistance in the mid $80ish area.

Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market.
I use my 8 and 21 EMA to measure short term sentiment ant to make adjustments if i am positioned. It dropped its 8/21 EMA on 20th of May first time since mid March. And settling for a nice h-set-up which is classical pattern in technical analysis .

Break down below $100.72 may attract more active, swing traders and I expect to see some follow through.
Stop above previous swing high at $104.50 makes this trade attractive from R/R point of view.
Target is $95 previous base support level , 200 EMA .

All traders should manage this trade depend on their time-frame and strategy.

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out