CAT (H4) Within diagonal 5 wave formation 'Channel' resistance (1-3-5), rejection pin bar, ending in Wolfe waves 5, targeting 1-4 Line.
The chart shows the pattern, setup, triggers, stops and targets. The trade sets up from the low volume rally back to the frequent trading zone over 104, up to 110. There is a "time at mode" buy signal that is failing quite dramatically if CAT doesn't reach 107.70 by Monday's close of trading. The downside target appears to be at the 96 level (+1/-1, or...
$CAT was low risk short-candidate as it approached 38.2% FIB. Posting earning momentum faded away as price approached that resistance, and if price reverse from here it may suggest a higher probability that we may see a new low or new lower low that will be hard to believe after strong earning and guiding higher. Not many analyst increased their outlook or EPS...
I closed my long position and waiting for the reaction at this level, in order to decide what to do next.
Ever since the top at 111, Caterpillar has drop 18% to 91.52. Seeing a mild histogram bullish divergence, RSI oversold for quite sometime and support at 91.52, call option @ strike 92 was triggered. The downtrend channel is more advanced, with extended version
Caterpillar just broke down through its 200 day moving average for the first time since January. Last time was a buying opportunity... ...Is this time different? The daily Williams %R remains below -20; this indicates negative pressure. If $CAT can't hold above ~$98 then it could fall to $92.19 and then ~$90.
Since making a TOP in May 2011 around 117, Caterpillar wasn't able to make another high, it merely retest previous top and subsequently freefall to ard 80. From the latest development, price of caterpillar is engaged in a downtrend channel. Coincidentally, a 100% Head & Shoulder pattern just formed after friday's closed, moreover, the neckline is also part of the...
CAT is in Topping H&S pattern since Apr 2014. The thick neckline holds the key to future movement of this stock. Albeit it look bearish in price, but MACD is showing some sign of bullish divergence.
Nice bear wedge playing out in CAT. But in this "teflon" market, it's hard to initiate shorts.
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This construction mashinery company entered into strong uptrend since December 2013 after it broke up major consoldation resistance in the mid $80ish area. Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market. I use my 8 and 21 EMA to measure short term sentiment ant to make adjustments if i am positioned. It dropped...
Caterpillar price managed to breach above 61.8% fibonacci level and trying to build support base above it, which assists to push the price for more positive targets, waiting for our main target around 116.94. More support comes from the EMA50 to protect the positive scenario.
On the 4-hours chart, we witnessed a double bottom formation completed by breaching 99.70 level, this pattern has the ability to push the price to head north targeting the recently recorded top at 116.94, followed by breaching this level to open the way for more gain. EMA50 supports the bullish wave, while breaking below 97.60 will stop it.
On a weekly chart CAT is setting up nicely for a breakout move. It is in a tight consolidation range which Bill Williams refers to as the saddle point. I have highlighted the first bullish fractal. Will be setting my buy stop 2 ticks above that high. One could also put in a short entry on the fractal below the alligator. Either way this is a high probability...