November 16, 2020, 10:59 pm EST
2020 Actual Trade: CAT +19% Profits
As mentioned in our August 10 article : Stock Picks: Dig Deeper Caterpillar (CAT), CAT met our criteria in both market timing and fundamental perspective. Here are some highlights of the trading process:
- 3 months bottom base (March-May)
- 2.5 months preparation for uptrend (May-July)
- 140 was the key line we watched.
- 08/10 broke out 140 so got it CAT at 142.12
- Little pullback into negative area below the purchase but the base offered support
- After that all the way to finish line 11/12 with a gap up for +19% profits
