Water supply ETF $CGW may explote to the upside
Is in a confirmed uptrend and now after a volatility contraction pattern (VCP),
CGW
is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio.
PIO
, another water supply ETF is behaving very similarly but, I prefer
CGW
because it has had better historical returns. But still, could be a good trade.
Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are
DHR
and
AWK
.
CGW
is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio.
PIO
, another water supply ETF is behaving very similarly but, I prefer
CGW
because it has had better historical returns. But still, could be a good trade. Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are
DHR
and
AWK
.