Quanta Services, Inc.
Short
Updated

PWR - is the uptrend over?

111
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Volume
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- neutral

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Price Action
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- Rounding top noticed

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Technical Indicators
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- Ichimoku
>>> price below cloud, piercing cloud
>>> Red kumo contracting slightly
>>> Tenken [Conv] - Above clouds & sloping down
>>> Chiku [lagging] - Above clouds
>>> Kijun [Base] - Above clouds & sloping down

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Oscillators
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- MACD turning bearish, crossed
- DMI turning bearish
- StochRSI, bearish, near oversold region

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Conclusion
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- short to long term breakout swing
- price may reverse at current level, to enter spot or wait for pullback at entry 2.
- Entry and exits depends on your time horizon and risk management.

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Positions
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Entry 1 - $412

Stop - $432

Exit 1 - $394
Exit 2 - $378
Exit 3 - $361
Exit 4 - $338
Exit 5 - $311

Trade closed: stop reached

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