CAT is breaking out of a long term pattern. Breakout is with a strong volume. Some money surely preparing for a worldwide recovery from covid-19. Recently lots of analyst recommended the stock based on its fundamentals. price to sales ratio is very attractive. Dividend paying stock projected to have 39% higher EPS next year. So boys from Wall street are now...
🤔 Potential double bottom cup formation, with a higher low on 2nd major structure.
We sit on a very sharp upward support currently, break 128.64 short.
Long the break 140.22
Good luck, 🎲
🥇MLT | MAJOR LEAGUE TRADER
Check out the different valuation of new, digital enterprises compared to conventioal, industiral age companies in 2020. It shows that our old, heavy industrial age is coming to an end and will be replaced by new information and collaboration economy.
As U.S. markets continue to rally against all odds at the expense of overly eager bears and quite frankly rational investing. Is it finally safe to assume the low is in? Despite the Dow Jones Industrial Average and S&P 500 closing in the red, a lot of positive could be taken away from this week. The point I'll make today is not to get overly bullish. I'll show you...
what a bullish breakout of 113.0 level on CAT.
now the price is retesting the broken level and resistance turned to support.
I expect a bullish reaction from the underlined level.
classic harmonic long trade on CAT stock.
completed harmonic bullish abcd pattern,
a horizontal structure on the left,
rsi divergence & fib. confluence.
I expect a bullish continuation these during the next few days.
Target level 130.0