MasTec found this one browsing and see a lot of upside potential
Pertinent notes are in chart.
It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt exactly textbook, which would have made this a dream but I dont think it takes away from the validity of the pattern formation either. I will be watching this closely. I havent added price targets but will once I do further analysis. as always GLTA
It looks like a good cup and handle. normally the cup depth should be greater by textbook standards but considering the current bullish market i believe it to be in a range that doesnt negate the pattern. also, timelines and price action are mirroring the textbook definitions, which i believe to be more important. Volume isnt exactly textbook, which would have made this a dream but I dont think it takes away from the validity of the pattern formation either. I will be watching this closely. I havent added price targets but will once I do further analysis. as always GLTA
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