TradingView
ThetaGator
Feb 25, 2024 3:55 AM

ITW looking bullish! Long

Illinois Tool Works Inc.NYSE

Description

ITW is in a daily squeeze that looks primed to fire long. It just developed a fractal double bottom after a much larger double bottom. If it can break the resistance at $264, I think it climbs higher to $283 (the smaller double bottom price projection). It could do this on the strength of the daily squeeze and then, with luck, maybe it'll trigger the montly squeeze to fire as well.
More