CATD trade ideas
CAT ShortI'm shorting cat with a stop loss at 1% @ 147.60 it may continue a bit lower my target exit will be 144.60 with my entry at 146.60. Making 2% if it passes the 50 MA I may add and continue holding for a few more % points.
Divergence on RSI could move lower, however it may still bounce at 50 MA.
Earnings Jan 31, I will exit before then.
CAT Short double top Condition:
1. double top
2. Up trendline break (TLB)
Entry at 126
Stop: 128 (Above trend line)
Target1: 118; risk/reward=1:4
Target2: 114; risk/reward=1:6
Target3: 110; risk/reward=1:8
TL2: next up-trend-line matches next demand T1;
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
CAT ShortEntry @ 136.73 Stop @ 140 and Take Profit @ 129.
30 shares.
Max loss is $98.1 max profit will be at least double that if it breaks support at 129 I'll add to it and hold for another $3.
98.1 is less 0.981% capital less than 1%. Good Risk and reward.
Reasons for the trade - Divergence from Range previous to the breakdown as the reversal began that's 1+ point.
Volume in sell off and earnings were mediocre. Trending below 20/50 MA. +3
Grade A Trade. Should work out well.
Let's see how it pans out.
FB active with $6282.9 of capital// Roku active with $3807 // CAT active with 4101.9// with remaining of $5808.2 remaining. All Shorts.
3/100 on the 100 Trade Challange.
CAT MovementPossible ascending wedge.
Either a big pop coming soon or a big drop. I'm thinking we see a fake out break down and then power through to new 52 week highs. If a drop could see $141 or lower.
RSI negative divergence, but thinking we could turn around on it, Blue dashed line shows an area with some reversals on the daily RSI that could offer support.
A/D in uptrend, could see small drop minimal with a bounce off trend line or it could tank time will tell.
MFI getting squeezed in symmetrical triangle, formation started in uptrend so expecting it may exit in uptrend.