American Water Works: Big wave is coming 🌊

American Water Works has now risen a bit after its significant decline. It is impossible to say whether the stock has already deposited the low of the magenta wave [y]. Only a sustained rise should convince us of this. Theoretically, the price still has room on the downside but should stay within the support at $132.87 because our alternative is activated otherwise. After depositing the low, we expect a bullish green three-part movement, which targets the blue target zone between $181.74 and $214.65.