Aug. 16 at 1:15 AM
$PRIM | Primoris Services | Industrials 🏗️
Macro momentum is shifting back upward as bulls defend the
$66.23 structural support floor! 🔻 Clean descending trendline breakout expanding directly off baseline volume support 📊 Primoris Services specialty infrastructure titan winding up for its next macro recovery leg 🏗️
$83.19 resistance line is the main trigger.
Technicals: 8h symmetrical wedge breakout setup building directly above high-volume profile support. Holding
$80.29 keeps momentum locked for an upside squeeze toward upper supply.
🐂 Reclaiming
$83.19 =
$111.47 then
$126.18 in play. Infrastructure construction leaders coiling at baseline support can squeeze aggressively once volume expands 🚀
🐻 Losing
$66.23 =
$64.15 then
$52.00 retest next. Broad industrial sector volatility carries downside risk if support breaks 📉
⚠️ Trendline Breakout. Volume Node Support.
$83.19 is the line 🎯
Stop Loss:
$77.80 🛑
Targets:
$111.47 /
$126.18 💰 🍺
