Caterpillar Inc longCaterpillar Inc has been one of the best performance since the Trump ellection. It's obvious that if you are planing to build a huge wall across the southern border, you are going to need a ton of machinery.
This month, the stock took a dive due to some accounting issues. after a few weeks of testing the support, the stocks seems ready for a new bullish ride. We expect that the stock tests once again the alltime highs arround $99.
CAT1 trade ideas
CAT swinging long till 100Nice breakout from the wedge that others have also been trading off. Market sentiment and up channel have my longterm outlook very bullish. Would have been nice to see some more volume but it back tested as support and bounced off the pivot at 95. Weekly chart confirms this should be a nice breakout ahead of earnings next week. Getting in now as a gap up is a big possibility as the new administration releases their infrastructure plans.
Bearish Wedge Signals Drop On $CAT To $84.75There is a classic bear wedge development on the stock chart of Caterpillar Inc. (NYSE:CAT). Upon breaking the support line of $92.50, Caterpillar will fall quickly to $84.75. You can see the wedge in the stock chart below. The target level of $84.75 is a gap fill. This will be a major support and probably a solid buy level. Stay tuned and opt-into my live trades to get my exact entries, stops and targets. Opting into my trades is free, you only reward me with a few Dollars IF I give you big winning trade information. Verified Investing is the future.
CAT @ daily @ best dow share (+42%) 2016, still pretty bullish ?Take care
& analyzed it again
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(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
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Best regards
Aaron
CAT kills a Bear - What happend...Initiated this BCS bevor price broke back in the fork again (hint hint hint ;-) )
This is me, being impatient (proof: I'm human).
Because this is a risk defined trade, I leave it on with "hopium" that price come back again, below my strike of 90 (...LOL...good one Dude...).
Meanwhile I sell some puts to reduce some of my loss.
Next...
P!
Trading using two pivots #CAT (Caterpillar Inc.), medium termThe price remains into the upside bias (it is situated over the 89.37 pivot level) and will, possibly, continue its initial upside move towards 98.47 (141.4 Fibonacci extension of the upside move of 69.03-89.85). A suitable stop-loss/exit of long position would be on 89.37 pivot level.