CAT $CAT Continuation LongCAT $CAT Continuation Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Catlong
CATConfirmed a double bottom reversal pattern with retest at the neckline. Expected a move to the upside.
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
Do The Caterpillar, 🐛 (CAT)🤔 Potential double bottom cup formation, with a higher low on 2nd major structure.
We sit on a very sharp upward support currently, break 128.64 short.
Long the break 140.22
Good luck, 🎲
🥇MLT | MAJOR LEAGUE TRADER
LONG CATKeep your trading simple 🚀🚀🚀
Bullish Long Term
T1 = minimum risk reward 1:1
Long term target $123 - Closing gap.
I always leave 1/3 of my position for long term gains - moving my stop to my entry if I need to give room for the volatility or using trailing stop for maximum gains.
For maximizing your profits you can use Options.
One of the benefits with swing trading is that we collecting dividend along the way.
Not a financial advise just my tradingview - trade smart trade safe.
Follow me to support my work, Thanks!
CAT approaching resistance, potential drop! CAT is approaching our first resistance at 141.46 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 132.10 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
