Reasons for bullish bias: - Price forming a potential bull flag - Entry is at breakout of pole for further confirmation - HH breakout will also add confluence - TP till projection Entry Level (Buy Stop): 264.22 Stop Loss Level: 249.49 Take Profit Level 1: 278.95 Take Profit Level 2: 293.68 Take Profit Level 3: 300.56
ITW has just defined a HL and now going to start its movement up to a very strong resistance level of 266 Entry @ 255 SL @ 248 TP1 @ 263 TP2 (if it breaks above 266 level then just use 260 level as stop loss for the trade)
ITW $ITW High-risk Initial Long. SL and TP on chart. 10-20x leverage. Move SL on TP.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on September 8, 2021 with a closing price of...
Illinois Tools Works in a strong bullish trend. However we may see some correction first, and jump again. Looks like a good "Buy in Dip - Swing Play Stock"
ITW is approaching our first resistance at 140.10 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a reversal could occur. Stochastic is approaching resistance as well where we might see a drop in price as it reacts off this level.
As long as 134 neckline breakdown holds, short and hold to TP ~ 94. P/L=30%
Purchase of shares on a good rollback. It is expected to continue the upward movement of the shares following the market. Open 166.92 SL 163.44 TP 180.84 P/E 25.14 Forward P/E 20.38 Ratio of risk to profit 1: 4 Good Luck!
Illinois Tool Works Inc has been trending up for more than two years. As the stock moves up, it naturally cycles up and down maintaining its upward bias. Some technical indicators are displaying major signals that the stock will soon drop. The relative strength index (RSI) is at a rarely observed extreme level; a combination of indicators also point out trouble on...
Looking at Illinois Tool Works which has come under some selling pressure as of late. I actually went long at 141.50 thinking i had seen a bottom formed. Started charting the recent fall and noticed this pattern. If one was to trade this pattern the entry would be at point D. The first target would be at point B and second target at C. R/R has been calculated and...
If ITW opens below 94.94 consider using the Gap N Go Strategy. To learn to trade for free go to www.RealLifeTrading.com