Nov. 14 at 11:16 PM
$CAT is currently trading at
$554.03, showing a moderately bullish market context. The RSI at 58.11 indicates that the stock is neither overbought nor oversold, suggesting room for upward movement. The price is above both the 30-day MA (538.67) and the 50-day MA (506.17), reinforcing a bullish trend. The recent 60-day high of 596.21 provides a key resistance level, while the low of 410.52 establishes a strong support range.
For a trade plan, consider entering at
$558.00, just above the current close to confirm upward momentum. Set a stop loss at
$540.00 to manage risk. Target 1 can be set at
$580.00, near the psychological level, while Target 2 can be aimed at the recent high of
$596.21.
Overall, the bullish indicators and price action suggest a favorable setup for a long position.
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