Cat Trade Opportunity The symmetrical triangle is very clear on the 1 year chart. I am mostly bullish but as always it can break both ways. The blue lines are resistance/ places to take profits
CAT1 trade ideas
Cat is to the moon this week Biden just passed the $1T infrastructure bill which means that this should show a lot of momentum next week with a continuation of the daily breakout of the falling wedge. My bet is that its going to blast through all previous resistance breaking all time highs. GET IN CALLS. LETS EAT
@thatsbuck Tricky Triangle Thread aka TazerfleeceDon't get choked out or choked up. Trade the tricky triangle strategy.
Caterpillar Breaks out of wedgeThe breakout distance usually follows the width of the intial wedge entry which was 19%.
First target is 217 which at that point there's usually a pullback with this pattern (See my IBM link).
Second and final target 233.84 which represents a full pattern play out. Momentum could carry this further in ATH highs
All targets are Fibonacci resistance using June 4th high and Oct 13th low
10/17/21 CATCaterpillar, Inc. ( NYSE:CAT )
Sector: Producer Manufacturing (Trucks/Construction/Farm Machinery)
Current Price: $199.02
Breakout price trigger: $203.00
Buy Zone (Top/Bottom Range): $196.00-$187.00
Price Target: $223.80-$224.50 (1st) $247.20-$248.00 (2nd)
Estimated Duration to Target: 48-51d (1st), 147-155d (2nd)
Contract of Interest: $CAT 12/17/21 210c, $CAT 3/18/22 220c
Trade price as of publish date: $4.10/cnt , $5.60/cnt
CATERPILLAR : CMP 199Stock is in correction phase...extending daily Timeframe Correction into weekly timeframe...if stock Fall below 190 then Stock expected to enter in weekly time frame correction...and expected tk test Levels of 160...
Avoidable stock or short below 190
Technical analysis (CAT) Limit buy - 193,50-195,0$
Target - 220,0
Risk/Reward Ratio - 3,44
Stop-loss - 186,75
CAT - ADDED TO MY SHORT LISTIC&H and H&S setup here and looking for it to breakdown within the next week or two.
Falling Wedge- BullishBig falling wedge on CAT here after breaking below the symmetrical triangle it was previously holding, big gap to fill on the upside, and some slight bullish divergence on the RSI. Watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Bullish- just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on. CAT is a relatively slow mover so likely will be a longer-term play-
PT1- $193.95
PT2- $199.72
PT3- $200.08 (Gap Fill) + Breakout
Breakdown Coming in Caterpillar?Caterpillar was a top pick among investors for the rebound last year. But now the chart is showing several bearish patterns.
First is the string of lower highs over the last five weeks. CAT held support around $200 during that time, resulting in a potential descending triangle. Friday, interestingly, was the first close below $200 since February.
Second, the 50-day simple moving average (SMA) has dipped below the 200-day SMA: a death cross.
Third are the back-to-back inside weeks in late August, followed by two bearish candles. That suggests a period of consolidation has ended and a new downtrend may have begun:
Finally, the macro environment is potentially bearish for CAT as the U.S. dollar strengthens and China’s economy weakens.
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How To Play CATI am personally bearish on CAT but I believe this provides a great opportunity to see if a great dip is available when the opportunity strikes. I currently see the 170 VWAP support as a great target, but there also lies a Fibonacci support that rest at 185.87 so keep an eye out for that zone. I will now begin and demonstrate why I'm bearish on this stock.
ANALYSIS
I am taking a look at the weekly time frame as I believe that greater demonstrates the degree to bearishness this stock is in, although I will update this analysis with a chart of the daily which also indicates bearishness. The first sign of bearishness was the rejection of VWAP resistance at 213. After that we have seen the green EMA cross the red RSI towards the downside(sell signal). Not only have we gotten that conventional sell signal but the Blue LSMA has been crossed by the Green EMA indicating more downwards pressure. If you are long then you don't want that Blue LSMA to cross below that 20 level or else we are going to see even greater expansion to the downside.
Targets
- 1st 186
- 2nd 170
Will dip further is the support break19th Sep 2021
Break below $199 will caused it to resume downtrend to $186 next
Buy $CAT - NRPicks 30 JulCaterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide. Its construction industries segment offers asphalt pavers, compactors, utility vehicles, among others.
Revenue $41B
Net Income $2.9B
EBITDA $7.2B
P/S 2.8
Dividend Yield 2%
Market Cap $118B
Buy $CAT - NRPicks 25 JunCaterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide. Its construction industries segment offers asphalt pavers, compactors, utility vehicles, among others.
Revenue $41B
Net Income $2.9B
EBITDA $7.2B
P/S 2.8
Dividend Yield 2%
Market Cap $118B
#CAT Caterpillar breaking downCaterpillar is often seen as a bit of a proxy to the strength of the market - busy undergoing a serious breakdown. Also seen a death cross lately where the 50dma crosses below the 200dma and now trading under both moving averages. Very little reason to be optimistic with this chart. If the triangle target plays out we could move to $182
IRON TARIHi guys,
this is a 4 weeks Iron Condor with 12% strike. To trade it and to keep a nice preimium ( we have more than 90 out 100 probabilities to earn the max premium) I have a 10$ spread for the wings.
Have a look at this strategy to my prevoius post and you will see how easy the math is in here.
Subscribe to my strategy for free!
Enjoy your wallet!
Tari,
CATERPILLAR HAS CREATED BUYING ZONE BELOW 207There are buying pressures on CAT stock price below 207. Rejection within this zone may indicate possibility of the stock to re-test the recent swing high above 246.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$CAT HTF IBO Long $CAT HTF IBO
Monthly - Pullback
Weekly - 50 ema/bullish engulfing
Daily - Double bottom/Support/MACD/Descending triangle/emas/low test candle
LTF - Perfect CBO on 4HR/1HR with a low test
Entered live - 1HR close
RR - 3 (weekly highs)
Management - Long term
