1CAT trade ideas
Short CATWolfe wave hitting resistance and trend line. Decreasing volatility as it approaches. Fractal flow (RSI 4) showing divergence with last bar. Short beneath last 130 min bar. If you plasy options buy the monthly Febds. Plenty of open interest and very small spread.
TP price along descending line from point 1.
SL just 0.005% above yesterday's high. Purchase
Bullish Case CAT Long or calls 4-3 WeeksCat, was one of the best performers in the past, and even they are raising forecast, every single Quarter, and yet this stocks has been sold of because of china trade history, honestly i think that this stocks is clearly oversold, and cheap, and what i see right now is that this stock is heavy shorted, and could cause a short squeeze also hourly chart is telling me that broke down trend medium term, so i bougt calls ITM $130 that expire in dic 21 3 weeks, from now, honestly if there is even hope that this trade issue could resolve this stock is going to hit $140-145 by that period, so maybe is time to take some risk and go! If you are long the stock maybe stock loss at $130 GL to everyone!
CAT Distribution Trading Range About to Enter MarkdownCAT appears to be in testing its Last Point of Supply (LPSY) as it continues to fail to rally back inside the Trading Range. This Trading Range is particularly nice as it also illustrates the failure of its market to maintain support of the "ICE" (in our case the "ICE" is perfectly displayed by the 200 EMA). I grabbed a short on the last test of the 50 EMA and I'm now waiting markdown to take profit on my short.
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CAT Long.. Depending on support.Watching the 130 level closely. Looking to enter around that support area.
$CAT Fibonacci & SVE Pivot PointsFibonacci Pivot $123.68
SVE Pivot (TOS) $123.61
1HR 9eMA $123.62
Fibonacci Pivot S1 $119.40
SVE Pivot (TOS) S2 $119.33
COG Mean Retrace $119.40
Fibonacci Pivot R2 $127.96
SVE Pivot (TOS) R2 $127.91
Monthly Chart to 2009 + Fibonacci Retracement shows $115.38 critical (Monthly Chart not identified here)
- China/Tariff news or activities has immediate directional impact (Scalping Opps)
- 11/1/18 – Trump/China have ‘Nicely’ Tone of progress gave strength in China or Tariff impacted tickers
If Apple pull back impacts DOW & additional positive sentiment not rec’d for China Talks by open...
#tekmunnee strategy for 11/2/2018 thru weekend on $CAT
- Note 9 eMA on 1HR at $123.62; is same range as Fib/SVE Pivot $123.68/61
- If below $123.68/61 Fib/SVE Pivot, will look for Short/Puts to test Fib Pivot S1 $119.40 & SVE Pivot S2 $119.33; COG Mean is also $119.40 (Max Pain 11/2 = $120; if relevant we may see this price level into closing)
- If above $123.61/68 Fib/SVE Pivot, potential upside to $127.91/96 Fib/SVE R2, however, strong news/catalyst, or market sentiment (China) to upside, w/ volume needed
Looking to scalp/swing intraday to overnight & recycle until we have conviction/directional tone on China/Tariffs. If China/Tariff talks ease and/or stabilize, $CAT becomes extremely bullish, with many others impacted by it this year, i.e. $BA
$CAT retracement from ATHPrice ranging in the 116 area. Lets see if it holds 50% fib retracement level.
$CAT Techinically meaning: you can't mess with the market right now, you better step aside.
$CAT #Caterpillar
Second Scenario: HnSThe Volume can't keep up, people lose faith, Boom, price break below 119 and goes all the way back to today's low 115...
Trade: Third Impulse UpwardOverreaction+Oversold with a good earning call
Price actions following precisely with the fib retrace(Starting point at its 5min breakout point around an hour ago)
Target 126
-20% Flash crash coming for CATIn correlation with the rest of the market flash crash, we are expecting a -20% drop in one day.
Cup and Handle on CATCAT is near a breakout on a Cup and Handle formation that has been building over the last 5 months. Cup rim is at $157.72. Potential breakout to $183.51
CAT Cup formed, Get ready for the handleIt has also broke out of the descending Triangle, with increased OBV, should break up easily
