So, as the Weekly Charts below show, MACK could very well be breaking out from various extension patterns.
For one, note on the bottom chart, the extended compression rectangles that have provided a nice base from which to breakout from.
Also, in the top chart, an argument could be made for a huge Inverted H&S with a Cup & Handle trigger to boot that projects a potential price target that will easily surpass it's prior high at $11. Almost a 50% return from these levels!
These patterns along with favorable buying momentum data provides for an ideal risk/reward profile for action on our part.
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