ITW ready to move on up!

Apr 2, 2019

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.

Apr 8, 2019

Note

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

Apr 9, 2019

Trade closed manually

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.