CAT is able to reach the previous resistance price is moving towards the green zone on the A trend line, we can consider the movement to be bullish until B trend line it's not broken
CAT trade ideas
CAT nyse Long (how to use the RSI in a slightly different way)NYSE:CAT
CAT Nyse is looking to continue the push to the upside after breaking the downward Trend, I took the depth between the low and the downward trend and projected a price target. After a higher low and a Higher high which is clearly shown on the chart gives us a better probability that a continuation move is expected to the upside.
Also if we look at the RSI, the indicator has pushed into the boundaries of the oversold area suggesting a strong bullish stance as shown on the green box, before it was consistently hitting the oversold area as shown in the red box which is translated to continued weakening.
Price is currently trying to find support on the 140.50 which is considered strong support.
If buyers are able to maintain price above this support, the bulls can be expected to take price towards the 156.50 level as a target
In regards to the RSI, one way to use it besides the divergence method is that as the indicator continues to push within the oversold it means that the negative stance is expected to continue and vice-versa of course, this helps when price sometimes gives us a hard time to speculate if it indeed reversed into a positive stance from a negative one.
NYSE: CAT Bull Flag Breakout / Trendtrade- Great looking chart
- Broken out of the major downtrend
- Bullflag breakout on daily timeframe
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NYSE:CAT
CAT is Literally Going 2 the Freakin Moon!As we enter the era of SpaceCash & venture off world to capture asteroids & other celestial bodies the foundational companies necessary 2 build the our future should be kept in super focus. There will be many risky failed ventures that will likely not get off the ground (pun intended) or even see the light of day & will only serve 2 distract from the real companies that are gonna be fundamental in getting our footing on other worlds. We are only in the beginning of what will unfold as the largest bull market in human history & there will be many more opportunities that develop along the way that we have touched on over the years not limited 2 advanced robotics, AI, SpaceTourism, SpaceHotels, 3D printing for complex structures in orbit & more stay tuned this is gonna be fun;)
CAT Breakout to New HighsBoosted by Buybacks, CAT recently ran upward to break out of its long-term Trading Range.
Industrials continue to show lifePlaying the break above, and not over staying my welcome if she can't hold.
$CAT - Breaks outMay have run hard short term - will wait for a retest of breakout before taking a punt long..
Cat Call SpreadCall Spread on CAT may move higher looking very strong.
Call spread cost was 2.18 Max loss is $130 max loss is $100
Exp Nov 29. Call Spread is 141/146
Short $CAT Into Earnings - My Opinion OnlyI have a small OOM put position for CAT here.
Goodluck.
Your trade= Your responsibility.
CAT - DAY TRADEHi, today we are going to talk about CAT
We observe a 15M AND D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
caterpillar prediction by bluepip ( short then long ) following short to long step then to long TP :)
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