Monthly chart shows CAT testing the previous high around $116.
There is a bearish divergence seen on both the monthly MACD-Histogram and Smoothed RSI.
Weekly Impulse allows to sell short.
Daily Impulse allows to sell short.
On this test of the previous high at $116, the MACD histogram is below the equilibrium line.
Outcome:
5 Mar: Opened SHORT at $111.42
8 Mar: Closed at $109.66
Reason for closing: bullish reversal supported at 50d SMA.
Profit $1.76, 1.6%
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