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tradingformoney
Jun 9, 2014 11:04 PM

CATERPILLAR? A BUG MAKING YOU MONEY? Long

Caterpillar, Inc.NYSE

Description

On the daily chart of CAT along with having the ichimoku cloud on the chart, The technical indicator had giving a strong tk cross on the 6th of june in 2014. However when it did cross, price didnt close above the high on the 13th of may. Same with the chikou span closing above the high on the 13 of may until today (6/9/14).

Also both senkou span a and b are pointing sharply higher.
Comments
lawcch
The 3 or 4 previous candle stick pattern already confirmed the bullish trend on June 5 2014. plus the Kijun crosses over the Tenkan line. I shall place my trade on the June 5 using 15-minute chart and wait for 8 EMA cross over 34 EMA on 15-minute chart and taking out the previous swing high.
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