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CAT-US long positions seem more rational

CAT-US Daily

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CAT-US Our expectations:

Break above the downward channel and 200SMA signaled for a possible long with SL 147.50.

The 200 SMA breakthrough is valid and confirmed, with the price also making a 1 2 3 formation above support levels - a positive signal.

Price above diagonal and horizontal supports.

SMA50 and SMA200 are not yet in the bull formation, but the price is above them - a positive signal.

DeM rolls back up into a overbought area - we can ignore the previous downward reversal.

The financial results of the company are stable:

Alternative Scenario: Breaking the price back below 200SMA / a whole closed bar below / will break the positive scenario.


 Trader Nikolay Georgiev

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