CAT1 trade ideas
Cup and HandleFell under b/o for now HL= handle low
Do not like the narrowing channel?? Or is it a rising wedge? Dunno Long with a stop.not gonna say where/depends on how long you want to hang etc
Strong S at 140ish and 136ish
Short interest is low
It broke out and hit 151.2 but did not hold on. Market has been tough though.
Old high of 173.24 where R may occur.
Feels like a pull back is coming..but who knows? LOL
Not a recommendation
a breakout is imminent its trading around the resistance line, can expect a breakout soon. will get Oct calls
CAT ON VERGE OF BREAKOUTNYSE:CAT
CAT has formed a very apparent ascending triangle and is on the verge of breaking out to ATH's. First target is 148.50.
CAT maybe next week a buy?Hey everyone,
CAT could repeat it's pattern, don't you think?
Entry: 136$
Stop: 134$
Goal: 149$
Good luck and much fun with that trade!
Leave a follow please, my goal is 200 :)
$CATTicker $CAT broke above recent highs and came and back tested a support level that dates back years. i really like this chart it may consolidate for a bit.
leave a like if you find my plays useful
$CAT #Breakout - Watch Weekly #ResistanceIf you bought CAT's ascending triangle breakout yesterday, watch out for the weekly trendline resistance that is most likely going to get tested today ;). Its the reason I skipped this trade.
Troubled waters ahead for Caterpillar?The GoNoGo Chart of Caterpillar Inc, is an interesting one. The trend is a “Go”, but is experiencing some signs of weakness.
Having failed at resistance around $140, the GoNoGo Trend is painting the paler bars of a slightly less *bullish environment.
In the GoNoGo Oscillator panel, we see that there has been *bearish divergence and that now the oscillator is breaking below zero accompanied by heavy volume.
We’ll be keeping an eye on CAT to see if it can maintain its “Go” trend.
What are the GoNoGo Indicators?
The GoNoGo Trend indicator blends traditional trend concepts to color price action according to the strength of its trend. The colors range from *bright blue (strongly *bullish) to dark *purple (strongly *bearish)
The GoNoGo Oscillator blends traditional *momentum concepts to demonstrate the velocity of price action. The oscillator ranges from -6 (extremely *oversold) to +6 (extremely *overbought)
CATSupport: 130.89
Resistance: 141.31
RSI dips below 30 and sits at 23 = A stronger signal
MACD signal flips but too price action is within 1.5 SD
CAT may be a buy at these levels. CAT's 10-day SMA greater than 50-day, 50-day SMA greater than 100-day. Bollinger Bands are showing that the stock is relatively cheap at these levels (~$131). A potential exit could be around $140.
CAT's Downward Trend Is Set to ContinueCAT is on a downward trend that is set to continue. Volume of 2.33M was especially low at its peak on 29 July, 2020. When it rallied from the market's March 23 bottom and attained a peak price during that trend of $127.37, it had a volume of 4.86 million. The March 23 trend was too steep for it to continue given the state of CAT's fundamentals. If CAT drops below $132, it may find support at $125. If it breaks below that support level, the next support may be at around $121. The 8 June peak price of $137.92 had a volume of 4.13M. The 29 June volume is just 56% of the 8 June peak price. Both the price and the volume trend indicates that CAT is heading lower.
$CAT Caterpillar Breakout Alert for $140
3 valley reversal pattern breakout imminent
Alert set for $140
CAT: Ascending TriangleAscending Triangle
Pros
Descending Volume
PPS above 50MA and 200MA
250RSI above 50
Cons
200MA flat
ATR descending
If confirmed
PT1 = 148,60
PT2 = 156
PT3 = 170.79
PT4 = 200,87
CAT Held Support now looking to touch higher highsCAT Held Support now looking to touch higher highs
CAT holding support long back to the high for break outCAT holding support long back to the high for break out
