Cat Short

Condition: Ranging/trending. Overly ambitious sentiment that CAT will rebuild Ukraine.
Entry: Wait until after earnings. Test of trend, potentially an overbought daily stoch.
Stop: 0.5% above swing high from 18th Jan.
Target: 2:1 R minimum/ Early Feb consolidation/historic midline.

Downtrend noted since May 21

Current (general) preferred entry ticker conditions and entry signals are either.
a) Reversion to mean from overextension, providing there has been evident support from historical price action and/or a bullish/bearish pintail or rejection evident by an engulfing candle immediately after the supposed support/rejection.
b) Oscillators (Daily/Weekly Stoch as well as the Average Sentiment Oscillator) all providing confluence with a trend line/support level.

Maintain 2:1 RR, use retracements as much as possible. If over extended and sufficient confluence and I'm at my computer, consider a market order.
Establish confluence of support/resistance, trend, oscillators, congruent candles (pintail or engulfing reversal).