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Caterpillar Inc.

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Still Bullish on CAT(Update)I think it is a great time to purchase CAT. CAT has retraced to the 0.38 Fib support and has held that support for a pretty good amount of time. Due to this extended period of low volatility, we can assume that a big play is about to occur. I also observed that the squeeze indicator for the weekly is signifying that of low volatility(grey crosses) which adds onto our analysis. Not only are we resting at support but we have gotten buy indications by the Oscillator. My price target for this is a squeeze to 238. Bullish Signals -Fibonacci Support -Squeeze indicator -Oscillator Price Target -238
NYSE:CATLong
by ddcakez
Fantastic Swing Setup(BULLISH)Cat has hit its Fibonacci Support and bounced off of it significantly allowing for the potential to get in on the up-move. We've recently seen the Williams %R signal a buy target and then increase allowing for a greater amount of bullish sentiment to be surrounding this play. The squeeze indicator on the Daily also displays that of a potential bullish squeeze to be coming. My price target is 130, but believe it will go higher in the long run. Bullish Signals -Williams %R -Squeeze -Fibonacci Support Price Targets -1st 230 -2nd 247
NYSE:CATLong
by ddcakez
CAT realigns the squiggle lines and makes a moveI start a lot of trades out by looking at the 30m chart to see if it appears to be doing something "new", very much like CAT did today. She finally got the squiggly lines in a nice and tight formation and made haste to start closing time periods higher. As much as I really feel psyched out by the slow grind, I really had to fight myself to just hold this overnight. After all, the premise is, when a trade works right out of the gate, you'd say you've got to hold it. I've spent a lot of time looking for a particular sequence on this time period within context of "finding a low". Consider it the formation of a double bottom. Price was correcting, but then makes 2 bullish candles in a row. Ideally somewhat tight and within a range, but clearly as to say that the buyers are stepping in. Seeing a Red candle to retrace some of the two without closing below, and then a follow-up Green candle, and I'm taking that against the low that was made. But when I saw CAT make that kind of close over many hours of prior price action and aligned it with the 4 hour chart, mm mm mm, had to be in that. The nuance will be where you define a Target and whether you'd be able to hold through a downward thrust. Hard to think that the Bears will just let it run. The alignment with the catch-up that we appear to be getting in the DIA and it looks good to me.
NYSE:CATLong
by mikeram1971