#ITW
The overall trend is upward. The descending pattern is truncated. The stock is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicator shows a bullish divergence. Breaking through the resistance level of 205.20 will result in the formation of an upward pattern within the overall uptrend.
Trading idea:
Buy on the breakout of the resistance level 205.20.
Stop Loss: 198.00.
Target levels: 213.60; 224.00.