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Catshort

DEAD $CAT. Bearish on CATERPILLAR INC. Price just reached a previous support zone and failed to break above so Im going to assume it will act as a resistance zone and be looking for this to playout as a large retest after its previous rally. Usually this rising wedge pattern plays out by returning back to the bottom but with the $VIX being $2 short of $30 I womt assume that due to the amount of chop that could be experienced in the way down. Ill be looking for exit majority of position @ 173.11 and the rest @ 168.
NYSE:CATShort
by CJITM
CAT looks like it don't have power to go higher. Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart: 1. Horizontal Price levels are working good 2. globally downtrend, locally uptrend 3. the price level confirmed by a touch 4. that was a near test, but we see week close under the level 5. approached the level sharply 6. the move was with no rollbacks 7. no accumulation 8. no rollback 9. we see that 1 bar closed above the level and 2nd opened above and closed below 10. level of a rollback 11. enough room for a move with r/r 1 to 5.1 12. no model of ascending lows 13. no news in the last 10 days 14. the price came from above, and we see that it can't go higher 15. we have enough room for a move 16. the report on January 27 Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$ If you find my work valuable, please, press a thumb up! 👍
NYSE:CATShort
by unfair_advantage
1