CAT trade ideas
CAT short ( Trend Line Break)CAT short below $230 (trend line break) to fill the major gap at $207. started to loose momentum already could still have a lil more room to the upside though. If she cannot fully break above AND hold $240 ill be looking for a return to $200. Simple
Analyzing CatI see a conflicting all time high here versus Think or Swim. On TOS, the all time high is 246.69. (I draw here but I also use TOS) Sometimes data conflicts and this is one of those times.
To me this is rather data, so I will google what the actual all time high is.
I do not think one would argue the fact that there is a big W on this chart. Ws are known to reverse when they find their target.
So far, the 4th leg of the W has hit right above the 1.113. Nothing says it has to stop here, but since valley 2 is lower than valley 1, it does narrow down the patterns this could be.
Price has long passed the .786, so it is not a Cypher. The Nen-Star terminates near the 1.272 as a rule. If price does not go much higher than where the leg is now, it could be an alternate Shark as this pattern can reverse at the .886 or the 1.113.
The 2nd leg pulled up to the .5 of the 1st leg down so is of no help in differentiating the patterns.
Price bounced back up at the 50% mark of the trend up.
Price is above the .236 of the long trend up since the covid low.
I guess things can be worth a whole lot more during a looming recession than during a pandemic. Dunno.
No recommendation.
Wide gap up well below price with plenty of pockets pivots to provide support so if, or when price falls, it may stall here.
Possible M forming.
CAT this is a keeperCAT is forming a bullish flag in the monthly timeframe since February 2021, this is long term trade, more like an investment. I keep it in my long term portfolio, and it gives out dividends. I'm going to hold this one for years, just enjoying the dividends while is going up.
Possible leg up or downCAT can possibly just make a double top. The 3Month looks like it has the potential to pump it up a bit more. Looks like it might print a green dot on the Oscillator the Vwap is going up. Its also creating minor bearish divs on the 3 month. The weekly looks like it could print a bearish div on the Oscillator money flow looks week too. As traderes we should be ready for both scenarios. If you long make sure to take profits 10% on the way up. Id wait for a better short entry if you have the balls to short this trend of course.
Bullish Idea Practicing Manually trading with my indicatorTrading testing my indicator below. This is for educational or entertainment only.
CAT - short, only 3.8% from ATH 246.69NYSE:CAT currently at 235.70 traded 160.60 - 239.85 in 52 week range, only 3.8% from ATH 246.69, which is overvalued considering risks of a global recession. Recently dumped by Bill & Melinda Gates Foundation Trust - they increased their position in NYSE:DE .
Data:
Market Cap: $122.66B
P/E GAAP (TTM) - 17.13
Price/Book (TTM) - 7.87
FINRA Short Volume Ratio 60.47%
RSI 1D: 69.91
MACD 1D: bearish
Case against:
Strong earnings for FQ3 2022 (Sep 2022): Non-GAAP EPS of $3.95 beats by $0.79, revenue of $15B beats by $620M
Seeking Alpha Quant: Strong Buy 4.94
W Bottom to Momentum Run Example: CATWeekly 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 continues.
This is NOT a trading range but an intermediate-term correction ending with a W bottom. Important to note the differences. A bottom after a correction tends to set up for momentum runs that can sustain longer than they do within a trading range.
CAT4HR 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 ShortCAT 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
MEOW !!!CAT INVESTMENT PLAN
Caterpillar, Inc. engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other. The Construction Industries segment supports customers using machinery in infrastructure and building construction applications. The Resource Industries segment is responsible for supporting customers using machinery in mining and quarrying applications and it includes business strategy, product design, product management and development, manufacturing, marketing, and sales and product support. The Energy and Transportation segment supports customers in oil and gas, power generation, marine, rail, and industrial applications. The Financial Products segment offers a range of financing alternatives to customers and dealers for caterpillar machinery and engines, solar gas turbines, as well as other equipment and marine vessels. The All Other segment includes activities such as the business strategy, product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, engaging tools, and fluid transfers. The company was founded on April 15, 1925, and is headquartered in Deerfield, IL.
SENNASEASON
I DONT SHARE MY REASONS JUST FORECASTS
CAT SELL++++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.
CATCAT breaks 238 and could head over to 245 which could be the top and then reverse down, but if this does break and hold 245 this could head over to 251 and 255. There is also a FVGAP which could be filled at some point. a Rejection at 238 will bring this down to 232, 226.
$CAT - Short opp looking good on the crazy 3% pop today. $CAT - Short opp looking good on the crazy 3% pop today.
$CAT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CAT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
$CAT - solid short?$CAT seems to be lining up to be a fantastic short. Low IV, elevated price, overbought.
Short idea #10- Waiting on CAT gap fillHey all, CAT has rallied. I think it is a dead cat bounce, and this thing will eventually go lower. I am simply waiting on SPY to reach $389 to short.
Caterpillar shortCaterpillar opening up at resistance on a strong earnings...
Caterpillar is also on the dow which looms to be near the end of its run.
CAT is out of the bagThis is a great tell tale for what is really going on in the economy and how development is really doing.
You can see that from the 09' low to recent top on FIB levels that it bounced off the .618 level and looks to be at resistance on the .786.
if earnings come out and there is a miss it will not be good as a indicator for the overall economy and also looks like the recent 20% move to the upside is going to be a case of buy the rumor sell the news.
CAT Caterpillar Inc Options Ahead of EarningsLooking 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.
DEAD $CAT. Bearish on CATERPILLAR INC. Price just reached a previous support zone and failed to break above so Im going to assume it will act as a resistance zone and be looking for this to playout as a large retest after its previous rally. Usually this rising wedge pattern plays out by returning back to the bottom but with the $VIX being $2 short of $30 I womt assume that due to the amount of chop that could be experienced in the way down. Ill be looking for exit majority of position @ 173.11 and the rest @ 168.
Caterpillarr moving it. CATFinal leg in a fractal. Fast and gap-ing form, indicative of an impulse. Betting on a Wave C, relying on Fibs to draw two goals.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
