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RS3175
Aug 22, 2023 8:28 AM

PWR Resting Before Rise Long

Quanta Services, Inc.NYSE

Description

PWR is a strong stock. It has been consolidating in a rectangular formation in the last one month. It will test the all time high of 205, go below rectangle and then reach 220 by year end.

Comment

Couldn't reach 220. A weak stock now. Lost support of 200 level. Good candidate for shorting.
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