Caterpillar is often seen as a bit of a proxy to the strength of the market - busy undergoing a serious breakdown. Also seen a death cross lately where the 50dma crosses below the 200dma and now trading under both moving averages. Very little reason to be optimistic with this chart. If the triangle target plays out we could move to $182
There are buying pressures on CAT stock price below 207. Rejection within this zone may indicate possibility of the stock to re-test the recent swing high above 246.
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Here are the stocks we are watching for this week!
Looking for a relief bounce on AMZN here off of trend resistance, watching for a break of $3370
Nice accumulation forming here on AMAT under resistance, looking primed for a test of all time highs soon. On this we are looking for a a break of the $142 level
Tough to say which direction the daily chop breaks out of, however my main theory is that we will see a test of both the support and resistance TL's at least once before a breakout of this consolidation. The reason I say this is because we only have two points confirming the TL on both sides so far and it looks like we will consolidate in this pennant for the...
Here is what stocks we are looking at for the coming week! As well as a recap of last week's video!
Looking for another swing high off of lows. Looking to get a confirmation for the break of it's current bullflag pattern over the $220 level.
NVDA has been range bound the last two days between $806 and $788. We will be looking for a...
Based on the chart, we see there is a support level of $227 and a resistance of $238. The Bollinger Band (45D) suggests that the price is about drop being that it is above the midline, pushing the upper band. Furthermore, Andrew’s Pitchfork is yet another confirmation of a falling price. Some other key indicators are the RSI, Stochastic Oscillator, and MACD, which...
CAT looks bullish again on the daily chart. Looks ready in the indicators as they've turned bullish yet again. Both the RSI and Stoch RSI had a crossover last week. We put in an inside day last week after being below the recent pullback's VWAP and reclaimed demand on the upside. Looking closely at price action to confirm a bullish trend to continue higher or to...
Based on the closing price for the past 3 days, CAT is lighting up my trading indicators like a Christmas Tree--a red Christmas tree. The RSI algorithm fired the first sell signal. 5 algorithms agreed it was time to sell based on Friday's close which means this coming week could get more nasty than the market was last week.
I have plotted all of the potential...
Description of the analysis:
Caterpillar Inc . ( CAT ) support zones ideal for timing long positions (gray). CAT is currently at its all time high (ath). A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the...