$CAT - WATCHLIST -
Added 2024-07-23 16:33:55 +0000 UTCBringing $CAT back to your attention again due to how attractive it looks right now.
Wave 3 hit the 1.618 Fib and pulled back for Wave 4, which then held on the 0.38 Fib at $322, textbook.
Formed a flag in this pull back and has recently broken out of this flag and now retesting the breakout level, where the 50 Day MA is there waiting to offer support too, making this a confluence level at $340, a hold here and this can move higher to our Wave 5 target at $413 at least.
Very solid looking chart here.
Comments
They pay a nice dividend too. I think we’ll see more rotation into “value” in the second half of the year and this should continue to well
Michael Castaldo
2024-07-23 16:42:35 +0000 UTC
