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Caterpillar Inc. (NYSE) Analysis, Chart, and Trading Idea

#CAT
 



The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
 



Trading idea:

Buy at the formation of the ascending wave structure, where the A-wave breaches the sloping channel of the downtrend truncated structure

Stop-loss: 204.00

Target price levels: 238.00; 255.00

Author: GC
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