Get started

Americanwater

American Water Works: Big wave is coming 🌊American Water Works has now risen a bit after its significant decline. It is impossible to say whether the stock has already deposited the low of the magenta wave . Only a sustained rise should convince us of this. Theoretically, the price still has room on the downside but should stay within the support at $132.87 because our alternative is activated otherwise. After depositing the low, we expect a bullish green three-part movement, which targets the blue target zone between $181.74 and $214.65.
NYSE:AWKLong
by MarketIntel
American Water Works: Step by Step 📍In several stages, American Water Works should make its way to the top of wave b in gray. First, though, the share needs to finish wave B in turquoise before the support at $132.87. Otherwise, we would expect it to develop a new low of wave alt.(X) in magenta first, which would then be located in the magenta zone between $127.19 and $113.53. We rate this alternative detour with a probability of 37%. Primarily, though, we expect American Water Works to turn upwards before $132.87, heading above the resistance at $161.91 and thus into the green zone between $163.63 and $177.65 to complete wave A in green. Wave B in green should then take the share back below this mark, before the next upwards stage can start. Finally, American Water Works should expand wave b in gray, which should reach into the gray zone between $181.74 and $214.65.
NYSE:AWK
by MarketIntel