After 4 taps from below on the green trend line, Primo Water seems to have broken through resistance. At their recent earnings call, they raised their full revenue for 2022 by $20 million , mainly due to an increase in water dispenser sales. 155M float but not a lot of shorts in this one. Could be a decent slow mover. The target would be the purple resistance line
The KST has seen some very healthy bullish crosses, I've placed three green finger icons to represent each golden cross.
It's always possible we see a fake-out to the upside similar to the fake-outs to the downside where I have placed the two sideways blue icons underneath the baseline support of the pattern.
On the RSI it's possible we see a retest of the...
Hey guys, PRIMO WATER CORPORATION CANADA is in a fake bearish move late in the session with pent-up attempts by buyers and a high volume of sales to pass. PRIMO WATER CORPORATION CANADA is heading towards its last previous low to turn around, strong potential to breakout the stabilization zone to look for high points in the new zone and if the buyers are back. We...
