CAT Cup formed, Get ready for the handleIt has also broke out of the descending Triangle, with increased OBV, should break up easily
Trade ideas
Long CATFundamental:US will keep boosting its manufacturing capacity
Technical:CAT price is above decline trendline, it's right time to long.
CAT 10DMA AND GAP FILLLONG AND LOSING MONEY CURRENTLY IN THE SEPT 28 155C
LONG AT .30
CURRENTLY .13
WOULD RATHER BE IN NEXT WEEKS
SETUP LOOKS GOOD
$CAT - awesome breakout. CAT with a awesome breakout. I posted it on the 16 SEP. If you got in congrats. Do not forget trimm and trail!!!
CAT at upper resistance - flag breakout or drop?CAT is testing the upper resistance of it's flag-like pattern.
Potential next moves - continuation of the bullish rise from earlier in the year as the flag pattern ends..... or a fall back into the channel.
With trade fears and steel tariffs, the latter is more likely at this time
Week not over yet... but already looks very compelling..would like to see the volume in the next 2 sessions pick up.
$CAT LONGNext few days will determine the outcome. Two posibilities: breakout for the next leg up or going down to test support.
CAT Bear FlaggingMarkets are doing great but stocks with China tariff exposure under performing. Rightfully So. It is still holding on but this will likely follow BA if tariff concerns heighten.
Short Sell SignalFollow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closing price must be below the Stop line, the shadows are not acceptable. NYSE:CAT SP:SPX
$CAT Earnings Beat $CAT has earnings beat stock gapping up this morning. Would go long a few for a pop at open short squeeze give it room to 145ish to add and look for a push back towards highs. I think this will pop and then gap fill back down possibly to 144 or under. I would pick some up and look for a slow move back to highs in this area. CAT
cat long or short ideaTime cycles seem to line up with dip buying chance if you want to get long or if you feel like a short could use them to time a top not an exact science. This trade has headline risk with being a trade war going on.
