Cryptough

WTER, a Technical versus Fundamental perspective.

Long
NASDAQ:WTER   The Alkaline Water Company Inc
*I'm a beginning crypto and stock trader who receives training and schooling from The Rational Investor's School for Trader Development ( TRI ).
This is posted for entertainment purposes only, not trade or financial advice.


Detailed in this chart are some of the indications I look for to enter a trade. This asset looks bullish to me as detailed on my chart. If trading, I would consider entry at current price of $1.21, or split my allocated capital and enter at a $1.12, .681 retrace, or perhaps a revisit to a previous day's tail at $1.15. Only a very small percentage of my investable capital and risk to 0.

My sell target would be near previous high of $2.42, at a double, where I would self half my position to recoup my initial investment. The rest of my free position rides.



However, a fundamental picture as seen on finviz has its own story, one typically I would avoid when looking for assets to invest in. Some people also have moral and ethical concerns surrounding commercialism of ground water, and, typically, the plastic waste it produces.

https://finviz.com/quote.ashx?t=wter&...


In the end, I chose to paper trade this name, only. I'm interested in seeing how the price moves in light of some of its fundamental values.
Thanks for stopping by, and I appreciate any feedback or other perspectives on trading.







NASDAQ:WTER