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

#CAT
 

The trend is ascending. The downtrend truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the upward wave structure;

Stop-loss: 211.50;

Target price levels: 238.00, 255.00.