CaterpillarUpdated Cup and Handle Rising wedge
CAT is falling from a bearish rising wedge which possibly interfered with C&H targets
Now under long entry level of 150.65
Handle Low is 135.3 and can be a source of support
Monthly candle indicates this one will pull back a bit more.
Not a recommendation
Now under long entry level of 150.65
Handle Low is 135.3 and can be a source of support
Monthly candle indicates this one will pull back a bit more.
Not a recommendation
Note
a strong stock falls an average of 35 to 38% from a rising wedge. A stock can fall much further though
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.