ddcakez

Still Bullish on CAT(Update)

Long
NYSE:CAT   Caterpillar
I think it is a great time to purchase CAT. CAT has retraced to the 0.38 Fib support and has held that support for a pretty good amount of time. Due to this extended period of low volatility, we can assume that a big play is about to occur. I also observed that the squeeze indicator for the weekly is signifying that of low volatility(grey crosses) which adds onto our analysis. Not only are we resting at support but we have gotten buy indications by the Oscillator. My price target for this is a squeeze to 238.

Bullish Signals
-Fibonacci Support
-Squeeze indicator
-Oscillator

Price Target
-238
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.