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...
