therancher

MTZ CHART UPDATED....STILL TRACKING PATTERN

therancher Updated   
NYSE:MTZ   MasTec, Inc
Notes are in chart, but this is following nicely atm. Will wait to see test of 42.37-42.22 and need a close above handles resistance for me to go all in on this one, but i like the set up currently!
Comment:
Noteworthy update incredibly high put vol near term. This could completely invalidate the cup and handle formation imo if handle retrace exceeds 70%. The typical handle range is 33-66% of previous upward movement to form right side of cup. In our bullish mkt ideally retrace wouldn't have been more than 50% imo. Need to do further dd finding out if puts are retail or institutional. G night
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