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...
Uptrend
Although market is not in a good trend but i suppose Caterpillar has started new rising wave and today i've entered by a small part of my equity.
ATH liquidity PURGED.
RELs at $241.80 are too clean.
looking for a shift in market structure, with a break below the short term low at $225.56. Then looking at the bearish breaker acting as resistance, holding and pushing price down further.
Multiple inefficacies to the downside as targets and draws on liquidity.
CAT had earnings this morning. I am not sure but I think something was not as expected in the earnings report.
Bearish Rising wedges noted.
A bearish crooked W noted that reached just beyond the 1.414.
Market opened as I type and I see price fell out of the small rising wedge at the top. Rising wedges are valid only after the bottom trendline is...
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.
Caterpillar will probably touch the giant long term blue resistance once more around 300-320. If it can clear it, the golden top band top band above 675.
The PEAD projected a Neutral outlook for $CAT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
The head and shoulders pattern is a technical analysis chart pattern that signals a potential reversal in a stock's trend. It is considered bearish because it shows a peak (left shoulder), followed by a higher peak (head), followed by another peak that is lower than the head (right shoulder). The pattern is confirmed when the stock price falls below the support...
Earnings watch tomorrow, 1/31/2023 pre-market. Here's a 4hr ext chart comparison, with the tickerTracker MFI Oscillator set to 20, color coordinated with these 10 tickers.
CAT
GLW
SPOT
UPS
XOM
PSX
MCD
GM
PFE
MRO
Tf week price above 50 EMA , uptrend.
Then we want to buy only ,when the price break 52 week hi we open long position.
stop loss at low of super trend of that open bar chart.
Historically, CAT plummets after a dividend when sky-rocketing pre dividend. I'm expecting $10 - $15 drop over the next week and I think earning misses. Price target is the .618 Fib retracement at around $200 in the next few months.
And another one:
A New Year and a New CAT?
From what I see, CAT is forming a nice bullish flag here on the monthly timeframe. There has been a nice back test on the weekly timeframe which gives me conviction in the pattern I see forming.
Using technical analysis to form a price target, I see a conservative price target of $285 to $300, with the potential to go...
![CAT: [CAT] - Weekly - Bearish](https://s3.tradingview.com/6/6pwgSqiX_mid.png "[CAT] - Weekly - Bearish")
