TRADING TIPS

CAT Short with Target

Hubert Senters here. Let’s take a look at Caterpillar. Stock symbol CAT. As you can see we have a three day sell signal below the cloud. We found it when it broke below the cloud here with this gap down situation and recommended to our members as a sell or potential’s short with a potential target here about $130 to $140. It has meant that and it looks like it’s going to drop a little bit further so let’s see where we can find a little bit of support and resistance. The other support area that I see with my eye right here is around $135 right now straight on that $139. So it’s still got – I’ll just round that up to $140 makes my math easier. About four or five points lower than after that you’ve got some support down here at $114. So it’s got to go to $114 it’s got to go through $135 to get there. So next target will be $135 followed by this gap down here at $130. Good luck. Hope it helps. See you on the next video. Hubert.

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