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Caterpillar
Short
Updated

$CAT Short setup

106
CAT Price: $145.00 Shorting against the sma50, stop set 147.11
Note
3.12x average volume, ugly candle $139.74
Trade wars will be a headwind. In my opinion, more downside ahead.
Note
Tested and rejected at the sma50 yesterday.
Note
Gap down today to $135.62, after testing and failing at the sma50, still short
Note
Gap down to $135.54
Note
Another gap down to $131.60
Trade active
$139.47 weak, another test of the sma50, rejection likely, added more, tight stop.
Trade closed manually
$141.30
Edogawa89
Also on:
downtrendMoving Averagesshortshortsetupsma50Support and ResistanceTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
downtrendMoving Averagesshortshortsetupsma50Support and ResistanceTrend Lines
Edogawa89
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.