2 distinct possibilities, but the RR is great. HIGHLY dependent on SnP and US30 ofcourse, broader market implications are always extremely important to keep an eye on. Nonetheless, wouldn't be surprised to see the first position be a sweep of wicks and then retest of lows. Second position would mean we sweep highs of wichs but also fill the gap above before...
Good to try and short some stocks as well, here and there when buying things...In this case the stop is rather tight (see green dashed line) and downside ample, and as a bonus different to everything else out there. Worth a shot, best of luck! Cheers, Ivan Labrie.
***Warning Monday Jan 2nd (Market is Closed) - Q4 EV Deliveries - good report then TSLA will complete H&S pattern and continue Bullish Island Gap Reversal Positive: `TSLA is Very Oversold, we could see a continuation of this bounce up too 150-180 if production release is great on Monday. -Bullish Chart patterns show inverse H&S pattern created by Island Gap...
The trend drawn from the ATH level of 2011 looks like a pullback movement in the red line. Price can say that the sloping trend line is a pullback movement after it broke down in November of last year. As for the RSI indicator, as indicated by the red circle in the figure, the situation is very close to the scene of the sudden fall in the summer of 2015. In...
ARKK is looking oversold for the time being. Looking for a nice DCB before seeing some capitulation sell off.
CAT sitting on the front steps of a very dangerous channel where historically we have seen blowoff tops and waterfall selling anytime we're here.... .... Complacency?
look for bullish moves and take them with good risk management.
Weekly Chart of CAT: this is one of the Dow components that is nearing its previous all-time high resistance levels. It is one of the first few Dow 30 stocks to challenge prior all-time high prices. Caterpillar Inc. has been running with momentum that will now pause or stall at this level. Now, watch to see which support level holds as profit-taking...
4HR RSI broke down along with price TL. Weekly RSI went up rather quickly and so did daily. Looking for a pull back to the first golden pocket and then maybe the 200 moving average if it dumps that hard.
CAT is up about 50% from its September low. Earnings also booth their performance, they are almost reached their all-time high. I think that CAT will retest EMA below to take a breath. I grabbed some puts for this underlying
CAT is overbought and approaching a triple top which is very strong resistance and difficult to achieve. Overbought on several indicators and time frames. Targets are $226 and $215 in short term and ADD every $5 increase in share price.
Looking at the CAT Caterpillar Inc options chain, i would buy the $180 strike price Puts with 2022-12-16 expiration date for about $6.71 premium. Looking forward to read your opinion about it.
Bearish on CATERPILLAR INC. Price just reached a previous support zone and failed to break above so Im going to assume it will act as a resistance zone and be looking for this to playout as a large retest after its previous rally. Usually this rising wedge pattern plays out by returning back to the bottom but with the $VIX being $2 short of $30 I womt assume...
Final leg in a fractal. Fast and gap-ing form, indicative of an impulse. Betting on a Wave C, relying on Fibs to draw two goals. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink...
• So far, SPY is heading to the next support at $360.69, indicating we have a few more bucks to drop, and there’s no technical evidence pointing to a reversal. In the daily chart, at least, there’s not a single bullish pattern yet; • We see some open gaps (yellow squares), and they will become targets, in the future, if (and only if) SPY triggers a...
The CPI report released yesterday surprised the market participants with worse-than-expected results. The higher inflation weakened the stock market and caused a huge sell-off. Caterpillar Inc was not spared. The price dropped more than 4 % and closed below the 0.236 Fibonacci. Continuation of the downtrend and re-test of the $ 167 support level is...