The CAT (Caterpillar Inc) short trade hit the 2nd price target (T2) for a ~9% profit with the typical reaction so far. The stock appears to be forming a potential bear flag continuation pattern (best viewed on the 60-minute chart) so the initial reaction off T2 might have already run its course. Previous (original entry on Jan 19th) & updated daily charts below.
CAT daily Jan 19th
CAT daily March 14th
Based on further review of the charts, I’ve added 3 additional price targets (T3-T5) with the final target aligning with the primary uptrend line & key 161 support on this longer-term weekly chart.
CAT weekly March 14th