Market sentiment is no longer aligned and you can expect a reversion to the 200 MA around 70 dollars. AWK is currently in phase B of a Wyckoff distribution trading range, it's liable to trade sideways for years to come. I would recommend exiting your position, though you can expect a test of 85 dollars next year you're more likely to see a downward move first.
AWK, took dry winter. Now Sea levels are rising and so is AWK! uptrend is being confirmed, some resistance coming soon if it breaks the resistance loyal gains will be made!
American Water Works Company, Inc. is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada.
After a drawdown of -17% since the beginning of the year, the stock began to grow and has now consolidated at the external border of the resistance line.
After the publication of the next report, growth is expected...
"AWK" Showed strong support/resistance, however was going to test the resistance once again. The best way to manage risk in this scenario is to form two positions as seen above, knowing that the stock will deviate from the resistance line once it meets/crosses. Unless news or another piece of compelling evidence sways your outlook in terms of breaking out of the...
blow-off top stage imo, potential hanging man candle stick pattern. rsi 80s.
can search for "parabolic stock" on google to see what might happen next.
consolidation would be the best thing for this thing to stay up.
AWK had quiet a drop in price over the past two days. However, price is still channel bound and is currently testing the bottom. If price breaks down through blue rectangle, which is bottom of channel and support bu the 50 MA then it will be confirmation that trend is reversing.
Volume spikes after the inclusion of American Waters into S&P500. A Wyckoff student should expect a retracement at this point. Two key levels are drawn in the chart for a long entry. It must be kept in mind that this is a monthly chart.
after a bullish run since September AMK seems to be stalling around $69. Bear divergence shown in MACD, RSI, and StockRSI, indicate that this run could be ending soon, and could be the beginning of a tend reversal.
