-Weekly 26 EMA pointing upwards.
-Price around a key level that has been tested many times.
Long positions preferred.
-15m consolidation area with a breakout and a pullback just on the upper extreme.
Enter after the confirmative pullback. Right now a MACD divergence with a bullish movement following would be a good signal.
Stop loss below this pullback's...
MTZ bounce here and break of 98.36 and I expect push to upside, break below trend support/97.05 and look for more downside 🎯
boost and follow for more! <3
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF MTZ breaches today's low of $73.63 during tomorrow's session.
Mastec has been having a RIPPER run over the last 12 months with the boom in infrastructure development but the thing that caught my eye (after the chart of course) was their strong presence in building power plants and especially renewable energy projects.
Price might be a little expensive at the moment so keep an eye out for a pullback and recovery if you want...
Mastec broke through all time high at the beginning of the year. Typically after every breakout, there should be a retracement.
None for Mastec! What happened instead was price continue to go higher by the week. The current pattern is an upsloping flag pattern, and it usually signify significant up move.
Target profit 1 is a huge $23/ 44% within the next 3...
This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 52 similar cases, and 43 were successful. Based on this data, the odds of success are 83%. Current price $44.59 crossed the resistance line at $43.58 and is trading between $45.00 resistance and $43.58 resistance lines. Throughout the month of...
Mastec is just hanging around 50SMA. It has been trading below 50 SMA since November 2019 and now it is very close to break it. fib 0.618 and 20SMA is holding, Additionally it is forming unconfirmed cup w handle. It needs to break and hold above $48 for the confirmation.
Definitely in the top of it's class with a #1 ranking in the Heavy Construction Group/Building with a Composite Rating of 99 by Investors Business Daily. The last 3 Qtrs EPS growth was 82% with an EPS estimate change of 21% for the current quarter with a group Relative Strength Rating of A. This thing should be held on fundamentals alone. "The Barchart Technical...
Quite the breakout move to new 52week highs. Previous all-time high is about $60 and with this level of accumulated break-out, there's potential to move past that. Keep on future watches for momentum plays.
Mastec has formed a nice upward parallel channel and breached trendline resistance yesterday. It's in pullback mode from the trendline breach, but I expect more upward movement through that trendline in the next few days.
Mastec has solid analyst ratings and a recent history of earnings beats. It next reports July 31.
Will try to update if in trade.
Rules:
Believe that anything can happen - so stay neutral. Always define your stop loss. We trade only when price action shows a reversal pattern within our predefined zones = "Trend + Zone + Reversal". Trade with your own risk.
Patience is the key.
Good luck.
Example: for a confirmed resistance breakout I use exclusively weekly charts and in this case I can appreciate a weekly candle closing above the line more seven weekly candles consolidating above the 48.00 level and a pullback in progress and a price testing the new support line, that months ago was resistance. This is pure price action without indicators.
Then I...
Looking at an Iron Fly for Mas Tec. I am officially in "time out" from trading due to 7% realized drawdown in reg-T (barring open position adjustments) So this is just an idea to keep my mind in the game. Mastec was a big mover on the Trump talk of rebuilding America. Implied volatility is a bit anemic at 42% and 54 days to expiry is a long time to wait on a...
Could go either way, but momentum is looking bullish and so do the options at the moment. Will give up a bit to get confirmation like last time. Notes are on graph.
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!
