my system shows CAT is under watch# Stock
s*4
1 楼
The fact that it reaches previous high 72.12 signals bullish flag. It
actually breaks out from downward trending. Here is how it is going to play
out:
1) it probably will retreat back from high to build another pivot point.
closely watch it. Setup a buy limit order if it bounces off from anywhere
higher than the previous low 69.20. Dont enter the trade otherwise.
2) reach higher high, then you missed the train. Move on for another
opportunity.
actually breaks out from downward trending. Here is how it is going to play
out:
1) it probably will retreat back from high to build another pivot point.
closely watch it. Setup a buy limit order if it bounces off from anywhere
higher than the previous low 69.20. Dont enter the trade otherwise.
2) reach higher high, then you missed the train. Move on for another
opportunity.