And Another One:
A New Year and a new CAT?
Seems like CAT is in a bullish flag here folks. This pattern is playing out on the monthly timeframe and a nice backtest has already occurred on the weekly timeframe. But don't worry there is still plenty of time to get in, considering that this is on a longer timeframe.
Using technical analysis to predict future price, we have a conservative estimate of $285 plus with the potential to go to $300 to $350. Of course it will not shoot straight up (because that would be too easy), but if we have patience this caterpillar could turn into a beautiful money butterfly for us.
Considering I did not have this on my watch list, I will be looking to get in fairly soon. Given that it is a new year, this could be a potential for a real long term play such as a retirement account. If this does do what I expect it to (go up), this is a long term play.
If playing options, I would look for those at least a few months out (if not a few weeks), so you will be able to take advantage of the move higher. Buying stock in this would be nice as well (if you have the money).
Again we never know what the market will do, so don't trust me. In fact, you should probably trust me less than a monkey making stock picks. But do your due dilligence.
A New Year and a new CAT?
Seems like CAT is in a bullish flag here folks. This pattern is playing out on the monthly timeframe and a nice backtest has already occurred on the weekly timeframe. But don't worry there is still plenty of time to get in, considering that this is on a longer timeframe.
Using technical analysis to predict future price, we have a conservative estimate of $285 plus with the potential to go to $300 to $350. Of course it will not shoot straight up (because that would be too easy), but if we have patience this caterpillar could turn into a beautiful money butterfly for us.
Considering I did not have this on my watch list, I will be looking to get in fairly soon. Given that it is a new year, this could be a potential for a real long term play such as a retirement account. If this does do what I expect it to (go up), this is a long term play.
If playing options, I would look for those at least a few months out (if not a few weeks), so you will be able to take advantage of the move higher. Buying stock in this would be nice as well (if you have the money).
Again we never know what the market will do, so don't trust me. In fact, you should probably trust me less than a monkey making stock picks. But do your due dilligence.