Short CATVery straight forward short sale opportunity. Negative divergences on MACD and RSI, coupled with POC and key Fib level @ $87.83.
CAT1 trade ideas
BULLISH VOLUME AND OPTIONS ACTIVITY IN CATERPILLAR Cat has carried the burden of China dependency for some time now, that was until the CEO made a appearance on CNBC and discussed the services revenue which CAT is now generating worldwide. It has certainly made a difference to the stock performance even when the trade talks stalled. The chart technically is setting up quite bullish and may be in the process of forming a bull flag. The MA's and Bollinger bands are providing support and volume is dominant to the buy side. from the options activity data, investors are clearly making a post G20 summit play on the stock moving higher quiet fast, as Trump and XI kiss and make up, temporarily of course.
Caterpillar is no BIG FAT WORMWe can clearly the Descending Triangle in the share price movement that developed since the beginning of 2018 that could be very positive for CAT, should be see a break and close above resistance level at $142/share. The share price enjoyed a nice bounce with its 14-day RSI moving out of Oversold territory. We’ve seen the recent negative momentum turning somewhat, but the short-term trend still seems to be negative. Should the bounce continue off current levels and we see a positive turn in momentum, we could see first resistance levels at $129, with both the 50-day and 200-day moving averages then acting as a very strong resistance. A break and close above these levels could very much see CAT test the top of the triangle at $142. Thomson Reuters consensus target price on the company is $148.65.
Should the negative trend however continue, the level to watch on the downside would be $112.30, which has been acting as a firm support level for the past 2 years.
Down but might keep going downIts down and going up but in long term its had a 2 and a half year streak of going down in short term its going up tho
Cat ink Good Invest?If it follows the chart pattern it will go up to $132.30 its at $125 could make $8 per share
CAT slowly working its' way down to supportEMA's still say this is a bearish trend. Slowly working it's way down.
CAT BUY (CATERPILLAR INC)Hi there. Price is forming a reversal pattern inside the continuation pattern. Watch strong price action at the current price for buy.
CAT Attempting breakout?CAT appears to be in a descending wedge since around last week. Daily is also looking good for an upward movement. Over sold on daily, momentum gaining, already touched on wick potential bottom from Oct 2018 (also wicks that touched this point), as well as MACD looking solid to invert. CAT hasn't seen upward trajectory since April 18. Once these smaller time frames finish selling off I'll be picking up a few more calls into next week. Expecting solid movement up sometime between tomorrow and Thursday.
This is definitely not financial advice lol
CAT in Trouble? 2 Scenarios for the future~Everything shows on the chart, support CAT.
Triangle is telling can to reload for the next move.
Hooray
CAT breaking through supportI think if this trade works it's more of a 3R trade rather than 2R's. It has room to travel farther down than the target. Stop set at the EMA's.
CAT BounceCAT has reached the bottom of its trend and is overextended on its Bollinger band and stochastics. It has formed two doji's back to back days at bottom of channel. I'm looking for a quick bounce back up to $135 for profit 3-4%. Using option call play.
$CAT Caterpillar was already looking vulnerable before today.Since or last look at Caterpillar in April, things have not improved much, the chart and price action continues to lack momentum in a bull market. Price indicators continue to point towards a bearish move, which is happening today, currently the price is below the 200ma in pre-market. Keep the $128 price level on your watchlist, a break below is a short signal to us.
Our April 24th Analysis
Caterpillar is really flattering in what has been a very bullish market, that alone creates a bearish sentiment in the name. We see nothing positive in the chart with considerable downside likely. We see $133 as critical support if that breaks next stop is $129 and possibly $120. News from the China trade talks could odd course send the stock on a bull run higher so trade with caution.
CAT looking bullish If TA can tell the future, it looks like CAT's earnings report will be well received. Broke a Flat top triangle and looks like it is testing the break-out. Bullish for me.
$cat The big CAT has lost its bite. BearishCaterpillar is really flattering in what has been a very bullish market, that alone creates a bearish sentiment in the name. We see nothing positive in the chart with considerable downside likely. We see $133 as critical support if that breaks next stop is $129 and possibly $120. News from the China trade talks could odd course send the stock on a bull run higher so trade with caution.
Caterpillar, Inc (CAT)(NYSE) Sell $141.65 >>> Target $139.35NYSE:CAT
Caterpillar, Inc
Stock - NYSE (USA)
Profit:Risk = 1.6:1
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Sell = $141.65
Take Profit = $139.35
Stop Loss = $143.19
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Take Profit = +1.62%
Stop Loss = -1.09%
Caterpillar's crisis indicatorDespite the fact that many people managed to record much more profits than they did before, the year 2018 appeared to be the worst of the global market since the financial crisis. The substantial decrease in stock prices was the result of unresolved economic problems and prevailing insecurities amongst market players.
News on Caterpillar’s slowing sales just pour more oil on the flame. Economists including those at the International Monetary Fund have been paring their 2019 estimates, and investors will get a better idea of just how much global growth is likely to slow when the company reports quarterly results on Wednesday. Sales and earnings at Caterpillar may show signs of moderating as China’s expansion ebbs and trade uncertainties damp demand, according to Bloomberg Intelligence’s Karen Ubelhart.
cat ascending wedge, divergence with macdascending pennant or wedge. macd shows slight divergence. timing ok considering global slowdown..
i wont short cat, but may offer better price soon.
