Caterpillar Inc. (NYSE) Analysis, Chart, and Trading Idea

#CAT
 

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator.
 

Trading idea:

Buy at the formation of the ascending wave structure, where the A-wave breaches the sloping channel of the downtrend truncated structure

Stop-loss: 204.00

Target price levels: 238.00; 255.00