Full disclosure: I don't believe I've ever seen this type of pattern on this large a scale before. If the broader market can keep itself intact, I am curious to see how this plays out.
PWR an historical resistance level at 40 so …more likely that it will turn back a little down to correction, it might take some time before it breaks out. when the stock breaks the level of 40, it will be a long play after I'll see the 40 level becomes a support plus accompanied by high volume and an approval candle. indicators are on the chart. this is not a...
This level (approx 35.40$) has shown itself to be effective on multiple occasions. Earlier this year price formed a double top which confirmed being bearish followed by two failed attempts to break above resistance again. Price is now showing weakness and indecision again close to this resistance... I would now enter short if price falters or, if a break should...
Really clean structure for PWR suggesting big downside to come. Good luck trade your strategy!
Cup and Handle pattern on PWR with a possible test back to go to the target
Quanta Services had a fantastic rally during 2016. It has since then consolidated and formed a full flag breakout pattern. 1/3 a position can be longed now in anticipation of a breakout. Should the price drop to the bottom of the flag range ($34), the remaining 2/3 position can be longed. Targeting the resistance level of $36.50 and hoping for a further...
There is formation of flag signal which has good "window" to move price higher. Also we see that current longing trend had been forming on the base of trend reversal and recently price has broken 24.00 and 25.00 strong resistance levels and 22.50-24.00 price channel. Recommendation is to buy. Entry point 26.00 ( top flag's line breakout) Stop-loss 24.00...
Could be setting up to retest TL (from under)
Found support right where it previously found buyers