Feb. 13 at 3:17 PM
$MAS We got that ugly flush this morning down into the mid-
$75S, then a bounce back toward
$76. That bounce is real, but the chart is still “damaged” short-term. On the 5m and 15m, MAS is trying to build a base and put in higher lows, but it’s still fighting under the key moving averages from the breakdown.
Levels I’m watching:
Support:
$75.50 first. Then the morning low around
$74.85. If
$74.85 breaks again, that’s usually where things get messy fast.
Resistance:
$76.30–
$76.60 is the first spot where bounces tend to stall. Above that,
$77.20–
$77.80 is the bigger wall from the prior range.
How I’m treating it:
Until we reclaim and hold above
$76.60 and start pushing back into the
$77S, I’m treating this as a bounce setup, not a clean reversal.
If we do reclaim
$76.60 and hold, then the next target is that
$77+ area and we’ll see if it can get back into the old range.
Stay patient and don’t force it. This is one of those “let price prove it” days.
