$WHD in the oil machinery space setting up a high handle. The stock broke out of a cup pattern 3 weeks ago and now tightening moving sideways above that pattern.
I have not been posting recently - due to one reason ... the market is not giving any nice setups. As i have learned CASH IS A POSITION. I do not need to be in the market all the time. I took couple of trades and got stopped out. You see breakouts working 2-2% above breakout level and then they fail. Better to watch from a side line. So i am actually posting this...
If oil continues strong, this could try a range break into new highs with no overhead supply. What seems high could go a lot higher.
Good setup IMO, stop below horizontal support Hedge funds are nibbling
Entry level $35.50 = Target price $40.75 = Stop loss $34.45 Trade the breakout from golden pocket resistance Stochastic bullish reversal setting up Momentum and RSi both strong. Golden cross complete on moving averages. Average analysts price target $36 | Buy rating P/E RATIO 20.91 Cactus, Inc. engages in the design, manufacture, sale and rent out of a range of...
$WHD Ascending triangle, $36.00 looks like support. Small cap., went public this year.