Nov. 22 at 1:41 AM
$CAT is currently trading at
$550.43, showing a neutral market context with an RSI of 41.02, indicating it is neither overbought nor oversold. The price is above the 30-day moving average (MA30) of 547.76 but significantly above the 50-day moving average (MA50) of 518.6, suggesting a bullish trend in the short term. However, the absence of a 200-day MA limits long-term trend analysis.
The recent 60-day high of 596.21 and low of 410.52 indicates a wide trading range, providing potential for volatility. Given the current price is closer to the high, there may be resistance around
$596.
Suggested trade plan:
- Entry:
$552 (slightly above current price to confirm upward momentum)
- Stop:
$530 (below recent support levels)
- Target 1:
$580 (near resistance level)
- Target 2:
$596 (60D high)
Monitor RSI for potential bullish divergence and adjust targets as necessary. https://privateprofiteers.com