The trend may be shifting. Wave 4 could be starting. Volume coming in one the weekly with some good bearish divergence in the daily. Earnings on the 25th in play. Waiting for a clear break of trend then entering on fib retracements. June and July contracts 300-310 price target
Caterpillar (CAT): NYSE:CAT
For Caterpillar, we are currently dealing with Wave (3), which is soon approaching its maximum at the 461.8% level of $385. Following this, we expect to see Wave (4) and then Wave (5), marking the end of our largest cycle, which concludes in Wave I. This sets the stage for building larger positions over the long term, although this...
NYSE:CAT Has broken a previous resistance at $285 and looking to make new all time highs. From here we are going into uncharted territories but targeting $345 #Bullish
NYSE:CAT will continue to be a strong performer as it is well aligned with key global trends favoring infrastructure development and economic recovery. With governments worldwide allocating...
Caterpillar broke out to new highs a month ago, and now some traders may think an uptrend is in place.
The first pattern on today’s chart is the close on January 25. It was slightly above $300 and the previous record close on December 27. CAT consolidated above that level for the following week, potentially reflecting investor comfort with the new highs.
The...
Hello
What is very important for me in this cart is the lower boundary line of Ending Diagonal (if it is correct) and also Blue channel.
If my counting is correct so we will lower boundary line break out in the next days and this trend should respect to that blue channel.
Please consider volume correlation with sub-millennium counting.
My strategy for this...
After a protracted move up, many times the top is formed on a big intra-day price reversal. I call these "big red candlesticks". The key is to short these stocks on the break of bearish consolidation formations after the first sell-off.
Heavy equipment manufacturer Caterpillar Inc. reported adjusted earnings per share of 5.23 USD for Q4 2023. The company's revenue amounted to 17.07 billion USD, with sales particularly robust in North America. Stocks of industrial sector companies like Caterpillar are now in demand. Following such a strong report, Caterpillar shares updated their all-time...
Caterpillar Inc., ( NYSE:CAT ) has emerged as a powerhouse, reporting a remarkable double-digit increase in operating profit that surpassed Wall Street expectations. The surge is attributed to robust demand for mining equipment and large construction machinery, fueled by a rebound in the U.S. residential real estate market. This article delves into the factors...
At some point climate might matter with this stock, idk.
Are they doing EV?
I haven't done much fundamental research.
Trends marked. All support. All end up taking the price in a bearish direction.
Meaning we may have seen the top or will be seeing top on earnings.
There is a potential scenario where it breaks out on the underside of a trend and move to 400, but...
This Dow component attempted a new all-time high and failed. However, it has ample support from the prior sideways trend after the previous all-time high. NYSE:CAT has been over-speculated as it moved out of its bottom low.
The company reports end of January. Watching to see how the stock performs in the next week or so should indicate whether it will be stuck...
NYSE:CAT has caught attention during a random TradingView screening, displaying indications of a trend reversal after initiating an upward movement on December 4. The critical support level stands at $283.29. Should the stock successfully breach the resistance at $299.20, there's a prospect for a sustained bullish trend.
A noteworthy factor is the upcoming...
I think CAT has formed a measured move into a Trend Channel and would likely continue grinding higher until price reaches the upper bound of the trend channel.
World's largest manufacturer of construction equipment - Caterpillar(CAT), is all set to make a leap upwards of 30+% in the first half of 2024.
The stock of this company has been constantly making new ATH's and displays neat waves everywhere.
The move being discussed and anticipated shall be 1-2-i-ii-iii, Meaning the wave iii of 3.(you can imagine it as a...
Caterpillar Inc (CAT) has recently demonstrated significant upside potential according to the latest technical analysis. Let's delve into key points supporting this positive outlook:
Recent Developments:
On October 31, 2023, CAT's stock price touched a critical support area at $228.37, marking its lowest level since June 2023. The significance of this level is...
Analyzing the options chain and the chart patterns of CAT Caterpillar prior to the earnings report this week,
I would consider purchasing the 237.5usd strike price Puts with
an expiration date of 2023-11-3,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Caterpillar Inc. (CAT) - Revised Trade Strategy
Trade Setup: Anchored VWAP (AVWAP) Reversal Play
Rationale:
Post-earnings, Day 1 concluded with a bearish spinning top despite substantial volume, indicating indecision yet CAT’s price retained above the critical support level of $225. My initial bias was towards shorting on a potential breakdown below this...
