• 778 days Will The ECB Continue To Hike Rates?
  • 778 days Forbes: Aramco Remains Largest Company In The Middle East
  • 780 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,180 days Could Crypto Overtake Traditional Investment?
  • 1,185 days Americans Still Quitting Jobs At Record Pace
  • 1,187 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,190 days Is The Dollar Too Strong?
  • 1,190 days Big Tech Disappoints Investors on Earnings Calls
  • 1,191 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,193 days China Is Quietly Trying To Distance Itself From Russia
  • 1,193 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,197 days Crypto Investors Won Big In 2021
  • 1,197 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,198 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,200 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,201 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,204 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,205 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,205 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,207 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Caterpillar Showing a Strong Volume Wave Formation

Price action moves in waves, it is also very supportive if the volume for each wave does not conflict with price action.

Below we see CAT creating a step up formation, volume on the up step (wave) is greater than the down step, this means folks who brought this stock are not selling, they are holding on. Very Bullish. Of course stock fundamentals, sector and wider market studies are required before any buying is done.

readtheticker.com Volume Wave quick chart


Larger Image

Investing Quote...

.."If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole"..

- Jesse Livermore Trading Rule

 

Back to homepage

Leave a comment

Leave a comment