GRAINGER W W INC

NYSE

GWW

under downward sloping 50 100 and 200, grainger now in a downtrend until proven otherwise. if it breaks the uptrend from late may without breaking above the 50, i'll try a short against the 50

Overall bearish on GWW due to Amazon disrupting the space. Just got upper Bollinger band with big drawdown, start of a short term trend?

started charting (going thru some earning names) and this definitely coming down. Prices marked.

Before gong long.

GWW

GWW is approaching our first support at 255.20 (horizontal overlap support, 61.8% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 284.50 (horizontal swing high resistance, 23.6% fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.

target near bottom of channel

Nothing else to say: uninterrupted rise.

I give importance to two things * First: Weekly Charts * Second: the years that it took the price to broke the resistance (4 Years and 6 months) And to this I add the way that the price broke the resistance line (an overnight Gap) Not visible from the weekly chart but represented by a big green candle (red circle) This idea meets this requirements: Resistance...

Strong relative strength in a sector that's got strong relative strength, primed for a bullish breakout to the upside. Targets $300 resistance level which is the 52-week high. Use options to play bullish breakouts to leverage your trade while limiting your risk. Example: Apr 20 270/300 Call Vertical

Bullish triangle...up grow.

OOPS! :) While I am stopped out at a 1 cent gain! $STUDY #stocks #trading $XLI

New position today. Buying at the breakout levels above my custom Blue Indicator line -Alex

to confirm bullish turn. #stocks #dividend #aristocrats #trading #investing $XLI

Buy TP 221$

Long Term Trend Following

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GWW closed right in between 20 and 50 SMA on the daily chart. They will report earnings next week, and they just come out of a pretty bad downtrend due to the lack of results on the last call. I would be cautious about this one. Trade with confidence.