16 NASDAQ:CWCO
1 NASDAQ:ATRI
16 shares of Consolidated Water Co. Ltd. NASDAQ:CWCO
1 share of Atrion Corporation NASDAQ:ATRI
I bought 16 shares of CWCO for every one share of ATRI
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No stop loss.
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Happy Trading!
CWCO has hit the top of a long term channel
Similarities can be seen between the first and second double top plotted, both preceded by a falling wedge
Very choppy movement within the overall up channel
Short term bearish, long term bullish
A large secondary strong bottom has been forming on CWCO
Very comparable points in green rectangles
Approaching a major breakout following this double bottom (two up arrows)
I see the redistribution schematic clearly. Market structure is bearish, buying momentum took longer than the selling momentum which is another indication for me. Would wait for a LPSY(retracement ) to form before selling impulsively down while also clearing out the liquidity at the bottom.
Consolidated Water Co. Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: Retail, Bulk, Services, and Manufacturing. The Retail segment focuses on the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Islands. The Bulk segment supplies...
Great time to be watching this ticker. and it is a risky play as its on a strong weekly downtrend but we are on the cusp of changing the daily trend. We can see a inverse head and shoulders with lots of bullish divergence and exaggerated bullish divergence. With the big possibility of hyperinflation and the growing world population commodities like drinking...
The 3 leaders YTD have been (in order): Utilities, Healthcare, Staples; which happen to be the 3 most defensive sectors, who tend to outperform during a recession...
Inside the utilities sector, the Water industry is the leader.
CWCO has a beautiful looking chart, setting a strong support after making a double-bottom, which immediately after, made a bullish...
Stock CWCO seasonality starts to Buy date on February 7 and ends Sell date on May 12
Percent Profitable is 78.95% in 19 years and an average return of 9.9% per year
The model of CWCO is to go where clean water isn't, and to be the company to provide that place with clean water. It's a tremendously simple business model that exploits a 'batteries included' system of installment, financing, and operations. The company's net profit growth of 27% and its Projected Net Income 5YR Growth average of 27.4% makes this company...
CWCO daily chart & larger time frames, $13.00 is major support area. Earnings is coming this week and Elliot impulse wave (12345) up has just completed.
Help a bit closer to home
A second company with the potential to slake California's thirst is publicly traded Consolidated Water (NASDAQ: CWCO). Currently focused on the Caribbean, Consolidated Water not only...
$CWCO Slowed yesterday but everything I was watching seemed to move that way. This stock should be soaring. Got a little insider trading going on so that in itself should move it. Anyway I will be watching, expecting it to knock on the door of new highs real soon!
With the double bottom confirmed, I would like to explore the possibility of a 2618 trade. Price is approaching the projected target of 13.00. Here, I expect a pullback in price to begin. Should that happen, we may then look for a long entry near the .618 Fib Ret. level. The idea behind a 2618 trade , as I understand it, is to reduce one's risk when entering a...
