Time cycles seem to line up with dip buying chance if you want to get long or if you feel like a short could use them to time a top not an exact science. This trade has headline risk with being a trade war going on.
Note
Earnings BMO 7/30/18 option traders are pricing in a 7.58 dollar expected move. A Zacks investment research consensus has a forecast of $2.66 for the quarter. nasdaq.com/earnings/report/cat
while revenue estimates are little more bullish at 13,772 49% increase year over year
estimize.com/cat/fq2-2018?metric_name=revenue&chart=table
link maybe gated but it's free to sign up for the site.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.