Apr. 20 at 7:50 AM
$CAT is consolidating just below the 800 resistance — a very constructive setup.
A clean break above 800 could open the door to 850–900 over the coming weeks, especially if industrials remain strong.
Price is holding above all key moving averages, and last week’s undercut-and-reclaim of the 10D SMA was a solid signal of demand.
Calls can make sense on a confirmed breakout over 800 — no need to chase, wait for confirmation.