Small Cap Oil & Gas Equipment Name Forming High Tight Bull Flag
Cactus (WHD) shares of the small cap oil and gas equipment name are forming a strong bull flag pattern coiled in monthly value area with a breakout trigger above 55.50 likely seeing a quick move to new highs into 60. WHD has earnings later in the month so potential to runup ahead of earnings as the chart continues to hold up very well compared to other Energy stocks. Longer term the stock has a very bullish inverted head and shoulders formed on the weekly chart that likely sees a push to 65-70.