jdharward

CAT - Little more upside then short

Short
NYSE:CAT   Caterpillar
CAT looks like we could see the price climb slightly more to $141 before reversing or surging higher.

Buying a straddle here could be a good move.

Charting patterns and Gann suggest bearish but indicators suggest positive. This divergence usually means short term bullish followed by bearish reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.