$CAT approaching 50 DMA short trigger As mentione

$CAT approaching 50 DMA short trigger

As mentioned first half entry for me was 86.15 which was the 20 DMA. Obviously it moved through that level and is trading just above 87 bucks on it's way to the 50 DMA. I am going to play it like this. I want a pierce of the 50 DMA before adding 2nd half of the short position.

My exit is going not going to be a close above the 50 DMA, but signaled rather by a close above the high of the piercing candle. That means if it pierces the 50 DMA today and gets as high as 88 bucks, I need to see a close above 88 bucks in order to exit the position.

This will help mitigate the risks involved in case this wants to keep going up.