ITW ready to move on up!

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On this weekly chart you can see both a double bottom and a longer term cup with handle. I plan on entering this trade on any further move up in the days ahead. My first target is around around resistance at $158 and if it break thru that level I can see $170.

Feedback is always welcome. I publish my own trade ideas which help me to be accountable to myself. These are not meant to be investment advice.

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ملاحظة

This trade is working very nicely. I entered this trade at $147... let's see if we can hit the target areas.

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تم إغلاق الصفقة يدويًا

Closed this position today, 4/9/2019 as it dropped out of the gate on news of a Global slowdown in GDP. This is an infrastructure play and as such would suffer a slowdown. I'll keep an eye on this as I think it's overblown. But, I got out with a win and look for a possible re-entry. Exit price $151.71.