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

29.03.2023

Market Review

#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.

Author: GC
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