🚰 PRMW: Institutional Confidence and Strategic Focus 📈💼📊 Market Analysis:
Institutional Interest: PRMW has garnered attention from reputable institutional investors like BlackRock and Goldman Sachs, signaling confidence in its future growth potential.
Insider Investment: Significant insider holdings demonstrate management's belief in PRMW's long-term prospects and commitment to shareholder value.
Strategic Focus: The company's strategic divestment of its international business underscores a commitment to focusing on its core North American market, positioning PRMW for enhanced growth opportunities.
💡 Investment Strategy:
Bullish Sentiment: Positive sentiment surrounds PRMW, particularly above the $15.00-$16.00 threshold, indicating potential upward momentum.
Upside Target: An optimistic target of $24.00-$25.00 is set, reflecting bullish expectations for PRMW's future performance.
Monitoring and Evaluation: Continuously monitor PRMW's execution of its strategic initiatives and market dynamics to assess target achievement and adjust investment strategies accordingly.
PRMW
Bullish Flag breakout for PRMW?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 downward red sloping resistance of either a descending triangle or bullish flag, if we get a retest and rejected the bottom of the pattern is going to need to hold for the bullish flag to stay in play.
PRMW LongLooking for follow thru and for price to hold above next VC channel around 15.57
RSI EMA NASDAQ FastEMAs scan for 4/18/19 close
Primo Water CorpIn a strong Long-Term uptrend and showing relative strength. Buy on pullback to $11 level. P/B ratio is $17!
Entry: $11
Stop Loss: $10.15
Target 1: $13.50