CATThis doesn't look good on any time frame really imo. Monthly could be double topping at 1.618 extension. Daily just had its lowest close since the earnings gap up last October. If this is a double top, I expect this to eventually hit sub $140.
CAT1 trade ideas
CAT: Buy ideaBuy idea on CAT as you see on the chart after the breakout of the vwap and the resistance.Thanks!
Caterpillar: At site 🚧Caterpillar is at site, working on wave (2) in magenta, which should lead further downwards into the magenta-colored zone between $198.40 and $171.37. From there, the share should turn upwards again, climbing above the resistance at $266.04. However, there is a 34% chance that Caterpillar could slip through the magenta-colored zone and drop below the support at $160.02. In that case, we would expect the share to develop a new low in the form of wave alt.2 in green first before heading upwards again.
CAT Long4 hrs chart showed high volume. which might help the price move up .
lets see what will happen
CAT BUYNYSE:CAT is in a range and has reacted aggressively from the bottom of the range.
Buyers got in with volume and with power. We also have a good spot for our SL and a decet 2.33R/R
CAT: Buy idea Buy idea on CAT at the second green candle as you see on the chart because we have the breakout of vwap.Thanks!
CAT is a BUY +++CAT has bounced nicely off support of $215 ish 6 times and the moving averages are crossing upward. I would expect some buying support in coming days with new moon phase. CAT resistance $234 which it hit this morning, cloud resistance around $245 and overhead resistance of $247, if it breaks above all these we have a 52 week high to break through of $266
CAT - benchmark stock to track cyclesimho CAT is the best benchmark stock to track cycle throughs ahead. In line with my view of a nearest major bottom sometime in Oct-Nov 2023. Upside should be expected until 2026-2027. Next major bottom is in 2030-2031.
CAT: Ride Long TradeCAT follows my China/Macau Recovery Theme and it's too expensive for me to run an options trade. CAT similar to LVS, was showing independent price movement from the broad market drops we have seen starting on the 15 Feb.
Increasing Annual Rev
Increasing Quarterly Rev
1.62% Short Interest
CAT - CATchup or fall behind.CAT - looking at CAT I was seeing it hit the top of a channel but when put together with Deere it makes me wonder if it is just being a tortoise here.
This is for me to track in the near future as the markets change.
Thanks
$CAT - Watch and wait for nowSo far 200DMA provided support. The 200DMA is also 50% fib retracement. However there is a gap at $200 that needs filling. My guess is it could fill that gap.
Just watching for now.
CAT Swing Long Reversal UPDATECAT is now bottoming for a SALE just in time for seasonal construction and agricultural upticks.
The long view is a long uptrend that started in September and ended with a lousy earnings report in
early February. The beatdown is now ending perhaps for fundamental reasons including CAT
has cash and down not need high-interest rate costs.
See the chart for the analysis. See also the previous idea. Check DE.
I see this as an intermediate-term swing long or investment or a good choice for a long expiration
call contract of options.
[CAT] - Daily - ShortZoomed in on daily.
Last trading day Fri 17 Feb 2023, we wicked right off the C.E. of the rejection block and the upper level of the daily bearish breaker.
Currently sitting right at the C.E. of the daily bearish breaker. Want to see us move towards the lower half of the breaker and trade through it, attacking the sellside liquidity at the RELs.
CAT Swing Long ReversalCAT has a downtrend 10% from its 30-day high.
However, fundamentally the industrial is holding up quite well.
The downtrend was inverse parabolic accompanied with
an appropriate volume pattern showing 3X relative volume
This is sometimes called the retirement trade pattern
or V-type pattern. CAT has dropped to three standard
deviations below the anchored VWAP /
This makes it undervalued well below fair value.
I see this as a good setup for a long swing trade or a call options
contract with the expectation of a 50% retracement of a
10# drop or a 5% price target For the call options I will
target the anchored VWAP at a strike of $243 about 12 DTE.
CAT: Looking for a BounceCAT is at support and RSI is signaling a buy signal. Purchased calls and expecting gap at $240 to be filled within the next 2 weeks.
CAT - Technical Breakdown on watchCaterpillar is on the verge of triggering a bearish topping formation.
This stock has been a powerhouse during the rising rate environment.
if this market leader breaks down its signaling weakness in the economy and likely the industrial sector.
CAT: Range Bound Swing TradingCAT developed one of the entry signals I teach this week. The stock rebounded from testing the lows of the trading range. Hybrid indicators suggest large-lot buying is triggering in the lows of the range.
Point gain potential may be limited by the sideways trading range developing, but swing trading can be done within the range if you can catch the entry early in the upswing from the lows and plan to exit near the highs.
This trading range will need to compress near the highs to sustain a breakout to the upside.
CATERPILLAR SHORT 2 distinct possibilities, but the RR is great.
HIGHLY dependent on SnP and US30 ofcourse, broader market implications are always extremely important to keep an eye on.
Nonetheless, wouldn't be surprised to see the first position be a sweep of wicks and then retest of lows.
Second position would mean we sweep highs of wichs but also fill the gap above before we dump to retest lows.
Let's see.
NFA.
Caterpillar , buy opportunity Uptrend
Although market is not in a good trend but i suppose Caterpillar has started new rising wave and today i've entered by a small part of my equity.
[CAT] - Weekly - BearishATH liquidity PURGED.
RELs at $241.80 are too clean.
looking for a shift in market structure, with a break below the short term low at $225.56. Then looking at the bearish breaker acting as resistance, holding and pushing price down further.
Multiple inefficacies to the downside as targets and draws on liquidity.
Rising Wedges/DivergenceCAT had earnings this morning. I am not sure but I think something was not as expected in the earnings report.
Bearish Rising wedges noted.
A bearish crooked W noted that reached just beyond the 1.414.
Market opened as I type and I see price fell out of the small rising wedge at the top. Rising wedges are valid only after the bottom trendline is broken.
There is a bearish divergence between price action and the oscillator, RSI.
Good luck/No recommendation.
Price is above the .236 of the trend up.
Rectangle below price that may provide support.
$CAT: low risk short ideaGood to try and short some stocks as well, here and there when buying things...In this case the stop is rather tight (see green dashed line) and downside ample, and as a bonus different to everything else out there.
Worth a shot, best of luck!
Cheers,
Ivan Labrie.
