ENTRY: 2.63
SL: 2.52
TP: 2.87
- ADX>20
- RSI<50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout of down trendline and HVN with high volume on 19 Aug 2021. Retraced with lower volume after that to HVN.
- Buyers coming in on 27 Aug 2021.
- Would like a better closing today.
CWY has been going in a very good uptrend and appaently it seems that it has gone up quite far and facing some resistance. Hoping to see it retrace lower, ideally to the bullish trendline or towards the 200 SMA for a potential buy setup. I will see how it develops further if and when it comes lower for a pull back. My Buyzone is between $2.35 - $2.50, which is the...
Rational:
- Good fundamental company with an undervalued stocks.
- Done the correction and started Wave 3
- Break The wedge - confirmed uptrend
====> Buy
$CWY - CLEANAWAY WASTE - Moving up again after pullback.
Cleanaway has been in the news a little bit lately liked by quite a few of the FA pundits it seems. It's been up 3 days in a row so looks like it might challenge that $2.20 resistance mark again for a breakout. All my indicators are looking good for a push so have taken a position and will see what happens...
Just playing around with this one on a search for a defensive stock to add to the portfolio. It's giving mixed signals at the moment.
There's a small head and shoulders pattern, but over such a short period of time, I'm more inclined to look at the break-out of the descending wedge. If this is the dominant pattern, then I'd expect it to reverse and start an...
The pocket pivot on Friday shows demand coming back in for $CWY after a little shakeout earlier in the week. Not much resistance if it can clear the current (potential) C&H pattern high of $1.485.
Good long-term uptrend since 2016 but it's been slowing moving in recent months.
