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localogist
Apr 11, 2020 2:09 AM

Price Breaking resistance after days of consolidation,***** ^-^ 

Quanta Services, Inc.NYSE

Description

Stock price still in consolidation, Price crossed over the 50emv and should be consolidation in the current support and resistance. For confirm position the price should rally the current resistance, 50emv crossover 200emm all together with the price for a confirmation for the execution. mentioned false breakout due to the consolidation period but it may not end up a false break out, if the stock consolidated for a two weeks periods or so on and the price rallied up or down it will be a strong confirmation Further study to be done.

Thank you
Localogist
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