Actually I am neutral here, as we have a conflicting message. Notice the September and October candles. We are either at the top of a distribution zone or we might see an effort to rise to new highs. Weak bullish volume doesn`t confirm a breakout to higher highs.
$CAT Expect more downside risk. Short term support is around $97.25. Look for long trades once we find support. Broke the 10 sma headed for the 20 sma to $96.59.
In my quest, I am looking for Mr Dead Cat the First, the very first short recovery or dead cat bounce which might be signal to us the confirmation of the continuation of a major Bear Market. As illustrated in the previous crashes, we see that almost uncanny similarities when using the Commodity Channel Index as an indicator to predict start and end of...
Caterpillar just broke down through its 200 day moving average for the first time since January.
Last time was a buying opportunity...
...Is this time different?
The daily Williams %R remains below -20; this indicates negative pressure.
If $CAT can't hold above ~$98 then it could fall to $92.19 and then ~$90.
22/07/2014
Caterpillar Inc (CAT)
On the daily graph we can see an flag in an uptrend, which is bullish signal.
I'd bought at current market price with stop loss at $108,7.
Measured price target is approx. $114,40.
After flag figure breakout, I'd set my stop-loss at break-even.
edit. 23/07/2014
Hit the stop.
Entry price - $110.9
Exit price - $108.7
Loss at...
Caterpillar looks kind of vulnerable here...
it just broke down through trend line support and is now testing it from below.
also, the daily W%R failed to break back above -20.
as a result, $CAT could see more negative pressure in the short run.
On the daily chart of CAT along with having the ichimoku cloud on the chart, The technical indicator had giving a strong tk cross on the 6th of june in 2014. However when it did cross, price didnt close above the high on the 13th of may. Same with the chikou span closing above the high on the 13 of may until today (6/9/14).
Also both senkou span a and b are...
This construction mashinery company entered into strong uptrend since December 2013 after it broke up major consoldation resistance in the mid $80ish area.
Now stock with the whole sector ($MTW, $TEX, $DD, $JOY) showing relative weaknes vs broad market.
I use my 8 and 21 EMA to measure short term sentiment ant to make adjustments if i am positioned. It dropped...
