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jacobosiason7

Falling Wedge- Bullish - Update

Long
Caterpillar (NYSE:CAT)  
jacobosiason7 Updated   
NYSE:CAT   Caterpillar
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout falling_wedge support_and_resistance supply_and_demand buyer longer-term swingtrading
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trendanalysis chartpattern indicator bullish breakout falling_wedge support_and_resistance supply_and_demand buyer longer-term swingtrading
Nice falling wedge on CAT here along with some slight bullish divergence on the RSI. Will be watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Definitely worth noting that CAT is a relatively slow mover so likely will be a longer-term play. Bullish- just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime. -Previous Charts are attached below-

- Falling Wedge
- EMA's converging & starting to curl upwards
- Bollinger Bands starting to squeeze (Not Pictured)
- Slight Bullish Divergence on the RSI (Not Pictured)
- MACD Golden Cross
- Buyer volume picking up to seller volume

PT1- $207.79
PT2- $208.61
PT3- $210.79
PT4- $211.34

--Previously Charted--
snapshot
Comment:
PT1 Reached ✅
Trade closed manually:
All Price Targets Reached ✅
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