Forum Topics CAT CAT CAT Chart Update

Pinned straw:

Added a month ago

Discl: Held IRL 7.20% and in SM

Having established that CAT is definitely a company I want to keep in my post-"AI-mageddon" portfolio (see separate post), the CAT chart looks interesting:

  • A short-term base SEEMS to be forming nicely at the $3.03 to $3.33 support area, bouncing around ~$3.30 this past 1-2 weeks - this area goes back to Nov 2024, the longer it stays around here, the stronger this base becomes when the rerating hits. If this breaks,
  • The next level looks to be ~$2.30 to $2.70, if this breaks
  • Then ~$1.71

After which we are completely in the Back-Up-The-Truck (BUTT) zone when CAT was still a shit company but in full-on turnaround mode.

I also put a note in the chart to remind myself that the last Capital Raise was at $6.68, so all Directors and Fundies are hanging on from those levels and taking the current hit, like those of us who bought in and are still holding.

8bbc3166dcdb73e0b0cb95afea631038b84246.png

tomsmithidg
Added a month ago

Said it before and I'll say it again, I love those charts @jcmleng. CAT is finally on my radar now as a potential buy too. Was feeling left out during its last run up, now I should be able to join the club on one of the SM Community Favs.

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