ASX:CAT

Here we have the lifetime chart for ASX:CAT.

- Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year.

- It then went on a 3 year downtrend back to its original $0.63.

- After that we see it recover to $2.13 in 1 year.

- COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL.

- Since then price has recovered nicely, and if it continues to do so I will be looking to enter a trade.

I have marked what I would like to happen for me to enter, and the relevant buy zone. I will only be putting a small sum on this trade in the hopes that price breaks the $2.47 resistance line and holds price. Only then will I be looking at this trade more seriously. I can then average down my purchase price with small sum previously purchased.

DYOR
I hope this helps someone