ericsolan

CAT multiple signals of a big move up

Panjang
NYSE:CAT   Caterpillar
CAT has multiple signals aligning for a big move up.
  • Bounce off the longterm upwards trendline
  • Big increases in volume at the end of the recent downtrend, indicating a big transition of shares as bears exit and bulls take over
  • Recent cross-over the 20 period SMA
  • A higher low was just put in, offering a very tight stop for a large leveraged play
  • MACD crossover confirmation

The beauty of this play is we're only 2 bars from where the trendline continuation bounce put in a new higher low.
This means we can size up on this play with a natural technical stop very close behind
Penafian

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