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.
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.
Comment:
This trade is working very nicely. I entered this trade at $147... let's see if we can hit the target areas.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.