CAT trade ideas
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
CAT break and retestCAT is looking strong. Came back to test key support level and had a flawless bounce. Next leg up, $228 next target.
CAT looking like its ready to run this week.CAT chart is looking bullish. Nice bounce of 200 MA, RSI and price action are showing bullish divergence. Might wait for 12 MA to cross 26 MA before entering long. PT $216-$220 by EOW if earnings don't miss.
$CAT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CAT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66%.
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CAT - reversalCAT is reversing on volume together with industruals and DOW index
can easily go to the next resistance, 230-240
CAT BreakoutNYSE:CAT breaking out from a bottoming triangle/200SMA wedge
looking to target $220/$222
