“Micron CRUSHES Earnings. Is It a Buy?”
CAT breaks out of ascending triangle if peace deal lowers crude; squeeze shorts through 832-833 to 922 (50% retracement) or 960.
Caterpillar. That's right. I said it. Caterpillar. If we have a peace deal and and crude really comes in, I think you're going to pop out of this ascending triangle here. I know this is typically a bearish omen, right, of continuation lower.
Uh we could really squeeze the shorts through uh 832, 833, and uh at least put in a 50% retracement to 922, maybe uh 960. This looks ready to explode and catch the uh catch the bears with their proverbial pants down.