Live monitoring of the Bullish Flag setup on PWR. See where price is heading.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
A clear signal has emerged for Quanta Services (PWR) on the daily chart. With a last close of $594.4, volatility remains active (-0.24%). The primary technical feature is a Bullish Flag formation. The trend indicator is reading 12.4/100, suggesting moderate momentum. A potential breakout level is identified at $598.86, targeting $746.64 with support near $548.19 (R:R 2.92).
What is your outlook on PWR?