Caterpillar weekly uptrend opportunity based On 1.00 Lot Calculation:
- Caterpillar Inc. is the world's largest construction equipment maker. The company is expanding worldwide, especially in China, which is one of its hottest growth regions. Half of its sales are now generated outside North America, which has helped its performance throughout the pandemic and support the stock uptrend.
- EVENT: According to Bloomberg, US President Joseph Biden is expected to present his massive infrastructure plans this week. These plans could have a positive impact on the Caterpillar stock price. The company is well positioned to deliver its equipment and make such plans work.
- The giant container ship “Ever Given” has been at least partially refloated in the Suez Canal as the first step toward resuming maritime transport. The news could be positive for Caterpillar as shipments from Asia to its destination facilities in Europe will resume soon.
- Famous investors are adding this company in their portfolio… Cathie Wood's actively managed funds, which doubled their value last year, plan to capitalize on an economic rebound.
Caterpillar, March 29, 2021
Current Price: 225
|
Caterpillar |
Weekly |
|
Trend direction |
|
|
239 |
|
|
237 |
|
|
235 |
|
|
215 |
|
|
213 |
|
|
211 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Caterpillar |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
14,000 |
12,000 |
10,000 |
-10,000 |
-12,000 |
-14,000 |
|
Profit or loss in €** |
11,892 |
10,193 |
8,494 |
-8,494 |
-10,193 |
-11,892 |
|
Profit or loss in £** |
10,152 |
8,701 |
7,251 |
-7,251 |
-8,701 |
-10,152 |
|
Profit or loss in C$** |
17,665 |
15,142 |
12,618 |
-12,618 |
-15,142 |
-17,665 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 09:00 AM (GMT+1) 29/3/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details