CVW @ 9 NOV 2021Text me if you have any questions/comments for me.
-----
CVW
- First time doing a written analysis on CVW
- Stock has some history of erratic uptrends followed by a 90% drop from the All-time High on 2018 till the Covid pandemic crash
- From March 2020 till Sep 2021, the recovery has been slow with a plenty of sideways movement
- Over the last 2.5 months, the stock is showing promising signs of an uptrend
- Last week’s strong test of the short-term average is proving that the stock is respects the strong support
- Strong resistance at $0.80 levels that has been around as far back as mid-2014
- Successful breakout looks to be at 0.815 levels
- R is above 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if comfortable with a strict 10% Stop Loss
CVW trade ideas
CVW bullish reversal signalThis stock is filtered by Vectorvest SMTML with adjusted parameter as follows:
CI > 1.0
VST > 1.2
GRT > 0
Price actions consolidated at Fib Ret 50%, and recent 3 days bullish candles, it is called "3 white soldiers"
Also, MACD crossover, thus we have more faith on this stock.
I will go for long and 1st target sell at $1.35, 2nd target sell at $1.45 (channel resistance)
