Bearish potential detected for CWYEntry conditions:
(i) lower share price for ASX:CWY along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $2.55.
Stop loss for the trade would be:
(i) above the resistance level from the open of 7th January (i.e.: above $2.64).
CWY trade ideas
CWY_Long on retracement after breakup from downtrendline + HVNWkly:
RS > 0; FFI < 0
MACD Bearish
Stoch D% + K% < 50
RSI > 50
Daily:
RS < 0; FFI > 0
MACD Bullish
Stoch D% + K% > 50
RSI > 50
Relatively good vol breakup from downtrendline & HVN on 20 Aug 21, price retrace w/ decreasing vol and exhibit strong vol uptrend continuation on 27 Aug 21
Entry: $2.63
SL: $2.52
TP1: $2.87
TP2: $3.25
CWY.ASX_Down Trendline and Retracement Breakout Trade_LongENTRY: 2.63
SL: 2.52
TP: 2.87
- ADX>20
- RSI<50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout of down trendline and HVN with high volume on 19 Aug 2021. Retraced with lower volume after that to HVN.
- Buyers coming in on 27 Aug 2021.
- Would like a better closing today.
CWY - Possible Pullback in progressCWY has been going in a very good uptrend and appaently it seems that it has gone up quite far and facing some resistance. Hoping to see it retrace lower, ideally to the bullish trendline or towards the 200 SMA for a potential buy setup. I will see how it develops further if and when it comes lower for a pull back. My Buyzone is between $2.35 - $2.50, which is the trendline support area where I will be monitoring price action for a potential buy plan.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$CWY - CLEANAWAY WASTE - Moving up again after pullback.$CWY - CLEANAWAY WASTE - Moving up again after pullback.
Cleanaway has been in the news a little bit lately liked by quite a few of the FA pundits it seems. It's been up 3 days in a row so looks like it might challenge that $2.20 resistance mark again for a breakout. All my indicators are looking good for a push so have taken a position and will see what happens over the next couple of days :)
Cleanaway Waste Management Limited, formerly Transpacific Industries Group Ltd., is a waste management company. The Company's segments include Solids and Liquids & Industrial Services. Its principal activities include offering commercial and industrial, municipal and residential collection services for all types of solid waste streams, including general waste, recyclables, and medical and washroom services; ownership and management of waste transfer stations, resource recovery and recycling facilities, secure product destruction, quarantine treatment operations and landfills; sale of recovered paper, cardboard, metals and plastics to the domestic and international marketplace; collection, treatment, processing and recycling of liquid and hazardous waste, including industrial waste, grease trap waste and used mineral and cooking oils, and providing industrial solutions, including industrial cleaning, site remediation, sludge management, parts washing and emergency response services.
ASX:CWY - A defensive stock to look at @CleanawayAUJust playing around with this one on a search for a defensive stock to add to the portfolio. It's giving mixed signals at the moment.
There's a small head and shoulders pattern, but over such a short period of time, I'm more inclined to look at the break-out of the descending wedge. If this is the dominant pattern, then I'd expect it to reverse and start an upward trend.
I haven't look into the fundamentals of the business at this point, so if anyone has some info on it that would give me a head start, it would be appreciated.
$CWY looking very bullish The pocket pivot on Friday shows demand coming back in for $CWY after a little shakeout earlier in the week. Not much resistance if it can clear the current (potential) C&H pattern high of $1.485.
Good long-term uptrend since 2016 but it's been slowing moving in recent months.