Long Cat It is trying to break the channel , long consolidation and china news has helped it bounce. ER should guide upwards.
CAT trade ideas
$CAT they big "CAT" is on the way back.Cat is trying hard to get out the range its has been stuck in for 6 months, will be one of the main benefactors if trade talks develop, on the negative side the strong dollar is making its equipment extremely expensive for foreign buyers. We are long and will consider adding if we can clear $142 on good volume .
CAT - pullback has a chance to become more complexAs far as the current movement goes, it is resembling a flat structure, with the wave C of it taking the form of an expanding diagonal.
If this is the case, then I assume the current three-wave correction to be the wave X in a WXY
It will take time before the stock will be charged to resume its growth
IMHO
CAT: bearish fractalThe stock has been moving in a relatively long correction since November when the bearish impulse ended. Now, it seems the correction has come to an end as the price has formed a bearish fractal below the Alligator indicator with AO below the zero line. If we break the latest fractal, it would be an optimal level to go short using levels marked on the chart.
bearish butterflyGreat setup here w/ a textbook bearish butterfly that has already shown reversal signs at EXACTLY the 1.41 XA which also happens to be its nov 30 top. Should get a crack at a good entry here on a fool's gap up Monday morning.
Looking for quick flip at PT1 but if it breaks channel support or market falls apart will definitely hold on to some for PT2. SL is the recent high at 142.55.
CAT zonelet´s see what the 141-143 USD area is going to bring.
end of the correction or a new leg up
R.I.P CAT40%-60%+ downside for CAT. 5-wave cycle is over and a deep correction is incoming. For emphasis, the max possible retrace is 100% of the wave 5 move or $2.55 (statistically unlikely but possible non the less).
I labeled the key levels for a bottom for whomever wants them, however, I have no buy target for CAT... I do not want to own this.
The 365DSMA seems to have caught every bottom thus far, so if I had to enter long, I would enter @ the 365DSMA.
Stay tuned... analyst's most bullish sector, with just 4 moderate sell ratings, is about to crash. Chart to come tonight.
Massive opportunity in the markets right now to the up and downside and if you're on the wrong side, you're going to get hammered. Protect yourself.
Best of luck.
Caterpillar NYSE: CAT LONG ENTRY SWING TRADE I entered this trade two days ago 1-16 at 131. 50. My target is 152 and stop 126. Good Risk/Reward trade.
CAT stock dead until June 2020For all the CAT fans out there... the daily model picked Jan 2016, and now the next daily model picks June 2020 (eue.tu,ub) for next optimal buy point.
brschultz
CAT - trade setupHere is my plan.. CAT looks like a gap down today, but I'm looking to get in after it breaks the 126 level. For me that is were it really it traps some people and less likely of a bounce. I have 2 targets and longer term swing trade target. This is the weekly chart that I am using.
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.
