VasilyTrader

CATERPILLAR (CAT) Flag Breakout & Bullish Continuation

Long
NYSE:CAT   Caterpillar, Inc

hey guys,

on a mid-term perspective caterpillar is trading in a bullish trend .
at the beginning of June, the correction started and for the last two weeks the price was steadily going down within a falling channel
but NOW it looks like the market is returning to a trend.

the price broke above a resistance line of a bullish flag formation.
the breakout is considered to be confirmed and we now can expect a further bullish continuation.

target levels:
128.8
131.5

Comments

It seems you are right ! good analysis my friend :)
It is the difference between a pro trader like you experimented and me poor guy with "good analysis" but bad trade ....
I'am happy to meet you on trading view my friend and your videos on you tube are amazing, very useful . Thumbs up!
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My perspective . / Hard to say on this one , Pring point out important things .,
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Are you also bullish on cat?
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pring2751 VasilyTrader
@VasilyTrader, just for short term trade may be
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pring2751 pring2751
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Comment removed.
pring2751 pring2751
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VasilyTrader pring2751
@pring2751, good analysis!
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pring2751 VasilyTrader
@VasilyTrader, Thanks
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