CAT is now bottoming for a SALE just in time for seasonal construction and agricultural upticks. The long view is a long uptrend that started in September and ended with a lousy earnings report in early February. The beatdown is now ending perhaps for fundamental reasons including CAT has cash and down not need high-interest rate costs. See the chart for...
CAT has a downtrend 10% from its 30-day high. However, fundamentally the industrial is holding up quite well. The downtrend was inverse parabolic accompanied with an appropriate volume pattern showing 3X relative volume This is sometimes called the retirement trade pattern or V-type pattern. CAT has dropped to three standard deviations below the...
Caterpillar is on the verge of triggering a bearish topping formation. This stock has been a powerhouse during the rising rate environment. if this market leader breaks down its signaling weakness in the economy and likely the industrial sector.
CAT developed one of the entry signals I teach this week. The stock rebounded from testing the lows of the trading range. Hybrid indicators suggest large-lot buying is triggering in the lows of the range. Point gain potential may be limited by the sideways trading range developing, but swing trading can be done within the range if you can catch the entry early in...
2 distinct possibilities, but the RR is great. HIGHLY dependent on SnP and US30 ofcourse, broader market implications are always extremely important to keep an eye on. Nonetheless, wouldn't be surprised to see the first position be a sweep of wicks and then retest of lows. Second position would mean we sweep highs of wichs but also fill the gap above before...
Good to try and short some stocks as well, here and there when buying things...In this case the stop is rather tight (see green dashed line) and downside ample, and as a bonus different to everything else out there. Worth a shot, best of luck! Cheers, Ivan Labrie.
***Warning Monday Jan 2nd (Market is Closed) - Q4 EV Deliveries - good report then TSLA will complete H&S pattern and continue Bullish Island Gap Reversal Positive: `TSLA is Very Oversold, we could see a continuation of this bounce up too 150-180 if production release is great on Monday. -Bullish Chart patterns show inverse H&S pattern created by Island Gap...
The trend drawn from the ATH level of 2011 looks like a pullback movement in the red line. Price can say that the sloping trend line is a pullback movement after it broke down in November of last year. As for the RSI indicator, as indicated by the red circle in the figure, the situation is very close to the scene of the sudden fall in the summer of 2015. In...
ARKK is looking oversold for the time being. Looking for a nice DCB before seeing some capitulation sell off.
CAT sitting on the front steps of a very dangerous channel where historically we have seen blowoff tops and waterfall selling anytime we're here.... .... Complacency?
look for bullish moves and take them with good risk management.
Weekly Chart of CAT: this is one of the Dow components that is nearing its previous all-time high resistance levels. It is one of the first few Dow 30 stocks to challenge prior all-time high prices. Caterpillar Inc. has been running with momentum that will now pause or stall at this level. Now, watch to see which support level holds as profit-taking...
4HR RSI broke down along with price TL. Weekly RSI went up rather quickly and so did daily. Looking for a pull back to the first golden pocket and then maybe the 200 moving average if it dumps that hard.
CAT is up about 50% from its September low. Earnings also booth their performance, they are almost reached their all-time high. I think that CAT will retest EMA below to take a breath. I grabbed some puts for this underlying
CAT is overbought and approaching a triple top which is very strong resistance and difficult to achieve. Overbought on several indicators and time frames. Targets are $226 and $215 in short term and ADD every $5 increase in share price.
Looking at the CAT Caterpillar Inc options chain, i would buy the $180 strike price Puts with 2022-12-16 expiration date for about $6.71 premium. Looking forward to read your opinion about it.