Caterpillar MT (January 29th 2021)Caterpillar (CAT) (January 29th 2021 through August 2021)
Low: $126-$131
High: $204-$226
Taking a look at this for Cindicator, here's a medium term length path I think could happen if there really is an elliott wave in the price action since March 2020.
I believe the earnings announcement could come out positive but I'm not sold on that. I expect a positive guidance and a slim chance to outperform the $1.49 expectations, but maybe not by much if it does.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
