Potential key reversal bottom detected for CAT

23 de nov.

Await signals for entry such as DMI/ADX and/or RSI swing to the bullish direction.

Stop loss for the trade involving CAT (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 21st November (i.e.: any trade below $4.13).

29 de nov.

Trade ativo

UPDATE (week ending 28-Nov): Depending on how aggressive a trader/investor wished to be, the trade offered entry on Monday 24th November throughout the day and performed quite well throughout the week following trade entry. The gap-up on Tuesday offers one particular area for a profitable stop (i.e.: anything beneath the low of $4.84), whilst those more aggressive may wish to utilise any of the 4 hourly support levels that have developed throughout the week ($4.96 from 18th November, $5.12 from 26th November, and $5.30 from 17th November), noting the potential overhead 4 hourly resistance of $5.58 from 14th November. Congratulations on a terrific trade so far - now be sure to manage it accordingly.

anteontem

Trade fechado: stop atingido

UPDATE (week ending 05-Dec): Depending on the level of aggression for the profitable stop placed by the trader/investor, as discussed in last week's note, traders should be pleased with overall outcome of the trade that has unfolded here considering how rapidly the price rise occurred between 21st November and 28th November, and the ability of the trade to capture that move. Congratulations on the profitable trade - let's look for the next one!

P.S.: Conservative trade parameter entry was $4.60 on 24th November (above the 4 hourly support/resistance line and above the open of the day) and aggressive profitable stop was $5.29 just beneath the 4 hourly support/resistance line of $5.30 from 17th November, which was triggered on 1st December - amounting to a 15.2% return in 5 trading days - congratulations!