Catching the Wave with Matson, Inc. 🌊📈

Technical Tea 🍵

Let's break down the key ingredients cooking up this bullish brew on the weekly time frame for MATX:

1. Anchored AVWAP Holding Strong: Our trusty AVWAP, anchored from the 2024 highs, has shown its worth by supporting prices like a champ. This line isn't just a trend; it's our battleground where buyers consistently step up. 💪

2. RSI Playing It Cool: The RSI is chilling above 50, keeping things balanced but with a hint of bullish bias especially after it’s trendline breakout. It's like that friend who's calm under pressure, telling us the selling frenzy might just be over. 🆒

3. MACD Getting Curly: Down below, the MACD is starting to curl up towards its signal line. This little curl could be the wink we've been waiting for, signaling that it's almost go time for the bulls if we can get a bullish crossover. 😉

4. Large Cup and Handle Formation: Not to be overlooked, there’s a large cup and handle pattern shaping up. This classic setup signals a consolidation after a big run-up, followed by a breakout potential that could catapult prices significantly higher. 📈

5. Price Action - Coiled and Ready to Spring: We've seen some tight consolidation just above the AVWAP, following a significant rise. This pattern is often a prelude to another price surge if the bullish vibes continue. 🎢

Strategy Session 🗺️

Here's how we can play this setup:

• Entry Point: Look to jump in if we stay perched above the AVWAP around $114. The chart's staying power here will be our green light.

• Stop-Loss Safety Net: Let's place our stop-loss just under the recent low at $110, or you can use the AVWAP as a sort of trailing stop loss. It's our financial seatbelt, ensuring we're not caught off-guard. Remember, if we are trading above the AVWAP it is essentially telling you the bulls are in control of price from the point you anchored it at.

• Profit Targets to Celebrate: We're eyeing $125 as our first fiesta point to take profit at. Keep in mind this is a Weekly chart analysis so for the more patient, upon a breakout of $125 we have got our sights set on the grander bash at the 161.8% Fibonacci level around $168.

Final Thoughts 💭

Before we set sail, remember to check for any upcoming storms in the form of earnings reports or macro shifts that could rock our boat. Adjust your sails accordingly, and let’s keep the trading winds favorable.

Are you ready to catch this wave with Matson? Let’s make sure our portfolios are strapped in and ready for a potentially lucrative ride. 🌟

Until next time, keep those investments sharp and your strategies sharper! 📊🚀

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