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Trading idea for today: Caterpillar Inc. (NYSE)

#CAT

The overall trend is upward. The descending internal wave pattern is truncated. The Awesome Oscillator shows a bullish divergence. Breaking the level of 205.27 will form an ascending wave pattern where the wave (A) breaks through the inclined channel of the descending pattern.

 

Trading idea:

Buy at the breakout of 205.27.

Stop Loss: under the support level of 187.00.

Target levels: 223.73; 245.70.

Author: GC
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