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CATERPILLAR INC COM USD1CATERPILLAR INC COM USD1CATERPILLAR INC COM USD1

CATERPILLAR INC COM USD1

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0Q18 trade ideas

Cup and Handle/Rising WedgeEarnings beat. Conflicting patterns as a cup is bullish and the wedge is bearish. Rising wedges are not valid until the bottom line is broken, so this wedge is not valid as of yet. Rising wedges can also break to the upside which this one did. Some would say a RW is caused by FOMO. It exhibits too much excitement and it causes too much supply. When price comes back down to break the wedge, there will be excessive selling but not until then. I have not seen a RW that was not eventually broken but they can be a long term pattern depending on market sentiment. The cup reached EL (long entry) level with the earnings beat. Targets for a cup are calculated using the depth of the cup. T1 has been reached. Targets calculated but the rising wedge could mess with this cup and cause a throwback. This is a large Rising Wedge (RW). It remains to be seen. There is a falling wedge at the bottom of the cup. This is opposite of a RW. Both lines slope down and converge at the apex. A Falling Wedge is bullish when the top line is broken. No recommendation
NYSE:CAT
by lauralea
2
CAT breakaway gapWill this breakaway gap in NYSE:CAT establish a new uptrend? Gaps occur when the low price of the current day is higher than the high price of the previous day. The majority of gaps are filled over time, but a sudden gap fill usually indicates a trend reversal. A breakaway gap occurs at the beginning of a trend after a period of consolidation, similar to what we've observed with CAT in October 2022 and in a downtrend in March 2023. We can project the outcome after a breakaway gap by measuring the vertical distance from the most recent swing low to the middle of the gap, and then using that same distance from the center of the gap to project the next local top of the trend. For this opportunity I will take advantage of the pullback from the market reaction to Fitch downgrading the US credit rating to enter below yesterdays close. I'll target ~$301 to take profit, which is near the top of the measured move and aligned with the 1.618 fib of the retrace from January to May. My initial stop loss is set at the gap open $270 and will be adjusted as a trailing stop to protect profit as the trend matures.
NYSE:CATLong
by Ben_1148x2
DANGER | Caterpillar Inc Short 🐛The indicators of economic distress are vast. Sometimes I don't know what to post, but you have to post something to trick the little AI bot police. Anyway, lately things have been feeling a lot like the summer / autumn of 2008. Rampant fomo everywhere, but you can tell the market is getting tired, after a ridiculous full-employment rally. So now, we have CAT (and plenty of others) showing us highs and corrective formations; meanwhile - the UNRATE remains in an increasingly unsustainable territory. Save your money.
NYSE:CATShort
by ChiefMacro
CAT: Ascending Triangle, Not confirmed (38,39%)(9/1000)(9/1000) Ascending Triangle for Caterpillar. Not Confirmed yet. Pros: 1- Bullish Ascending triangle 2- Descending volume during formation 3- PPS above 50MA and 200MA 4- R/R ratio above 5 5- 250RSI above 50 and climbing 6- 50MA above 200MA 7- 50MA and 200MA ascending. 8- RS above 0 Cons: 1- ATR is descending, less volatile 2- Triangle not confirmed yet Target price is 364.95$. Again, stay humble, have fun, make money! MAAX!
NYSE:CATLong
by LeLaf
1
Beneficiaries of US-CHINA trade agreementwww.scmp.com When US gets ready its stockpile of soybeans to export to China after the agreement is signed, they will need big tractors and agricultural equipment to assist in its export. Caterpillar , the household name of US tractors would be one of the beneficiary of this US-China trade deal. Is it a coincidence that the bearish trend line of this company has just ended recently on 29 Oct and prices are now slightly moving sideway before picking up steam and effort to charge higher ? I would be initiating a buy position at 141.05 with a profit target of 172.
NYSE:CATLong
by dchua1969
CAT appears to be starting to digCAT as a blue-chip industrial is not a fast mover- it is best suited for options traders or investors. On the 4 H chart, CAT rose from the lows on a trend up from last November through this February. It then descended in a retracement about a 50% Fibonacci extent to its present value. It is now at the POC line of the volume profile for support and is near to the mean anchored VWAP line. RSI is above 50. I see this as an excellent long trade setup given that other sectors may be cooling off there may be plenty of money looking for a new home. The volume indicator shows steadily rising volumes. The stop loss is the line of one standard deviation below the the mean VWAP while the target is the even dollar immediately below the ceiling of the supply / resistance zone of the Luxalgo indicator. This seems to be a reasonable position to diversify from techonolgy which seems to be a bit overextended.
NYSE:CATLong
by AwesomeAvani