And another one:
A New Year and a New CAT?
From what I see, CAT is forming a nice bullish flag here on the monthly timeframe. There has been a nice back test on the weekly timeframe which gives me conviction in the pattern I see forming.
Using technical analysis to form a price target, I see a conservative price target of $285 to $300, with the potential to go to $325 plus.
Of course, this will not go straight up (because that would be too easy). Considering I did not have this stock on my watch list, I will be looking to get in by the end of this week.
If playing options, I would look for calls on a longer timeframe such as a few weeks out to a few months out. I would even say that this is a buy and hold (buying stocks or even something for retirement accounts).
If this goes the way I expect it to (up), this dirty caterpillar could turn into a beautiful money butterfly for us.
Of course, I know nothing and the market is the final judge. So don't trust me, do your own due diligence. Thanks.
A New Year and a New CAT?
From what I see, CAT is forming a nice bullish flag here on the monthly timeframe. There has been a nice back test on the weekly timeframe which gives me conviction in the pattern I see forming.
Using technical analysis to form a price target, I see a conservative price target of $285 to $300, with the potential to go to $325 plus.
Of course, this will not go straight up (because that would be too easy). Considering I did not have this stock on my watch list, I will be looking to get in by the end of this week.
If playing options, I would look for calls on a longer timeframe such as a few weeks out to a few months out. I would even say that this is a buy and hold (buying stocks or even something for retirement accounts).
If this goes the way I expect it to (up), this dirty caterpillar could turn into a beautiful money butterfly for us.
Of course, I know nothing and the market is the final judge. So don't trust me, do your own due diligence. Thanks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.