Cat is going for $250 with the market . +25% prospected move. A clear new trend is forming with multiple HH's and LL's with a monthly strong uptrend, thus we have a high probability of a prospected move ahead. Target is $250 which is the 52WH .
$CAT bullish shark formation riding the coattails of the "infrastructure bill" that passed the house last week. Short term ultra bull with 11/26 $207.5 calls
Hi everyone, On Saturday US government finally agreed to pass a huge $1 trillion infrastructure bill. What does that mean? Utilities, communication, transport and industrial companies will receive subsidiaries for expansion. So why NYSE:CAT ? The biggest construction equipment manufacturer in the world. They will benefit indirectly as companies...
With the gap higher this morning I had to re-evaluate CAT. It is trading within this megaphone pattern and on the smaller timeframes it should be looking to complete a minor 5 wave sequence into 220/225. From here I will be looking to get short as I believe it has another wave lower towards 180 range.
provides a good short setup here being rejected at the top of the bearish channel twice signaling a double top. Looking for a break lower towards 196/197 area. Below orange line would likely confirm a C wave down inside the ABC corrective wave towards 177/180. Supply zone at 209.50/210 with 211.51 being the 1.618 extension level if this crawls a little higher...
Caterpillar, Inc. ( NYSE:CAT ) Sector: Producer Manufacturing (Trucks/Construction/Farm Machinery) Current Price: $199.02 Breakout price trigger: $203.00 Buy Zone (Top/Bottom Range): $196.00-$187.00 Price Target: $223.80-$224.50 (1st) $247.20-$248.00 (2nd) Estimated Duration to Target: 48-51d (1st), 147-155d (2nd) Contract of Interest: $CAT 12/17/21 210c, $CAT...
The Caterpillar seems Bullish. It seems reasonable to buy the dip
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. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Here are the stocks we are watching for this week! NASDAQ:AMZN Looking for a relief bounce on AMZN here off of trend resistance, watching for a break of $3370 NASDAQ:AMAT 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 NYSE:CAT Nice hammer...
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...
My leading theory is bullish because of the wick on the last candle and the gap up on 7/9. Otherwise there is a bit of room to fall before it gets eaten up.
Here is what stocks we are looking at for the coming week! As well as a recap of last week's video! NYSE:CAT 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. NASDAQ:NVDA NVDA has been range bound the last two days between $806 and $788. We will be looking for a...
Hello! Friends, -This would be a great Buy Opportunity, IF NYSE:CAT breaks up the Daily Resistance line at $233.50 (with a WHOLE DAILY Candle) !!
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...