American Water Long (AWK)Growing trend and overcoming of resistance level. Take profit 182,9. Stop loss 172. P/L ratio 1:2,8.
0HEW trade ideas
AWK Long Set upAWK is setting up a longer term Inverse Head & Shoulders pattern. Notice the increase in volume in the right shoulder. The pattern will increase my confidence in a long set up as it clears the green resistance . The Biden admin has already committed to providing clean water to all, which should provide some opportunity for American Water Works Company. Gl
American Water - water is new gold? The company's share price is in an upward channel. And now the price is approaching the lower border, which is a good buying zone.
Overall, the company has good fundamentals for growth. The cold weather, for which the US was not well prepared, intensified the price correction.
Such companies are likely to grow in the future due to problems with drinking water. They will control the most important resource for any living being.
AMERICAN WATER WORKS COMPANY OpinionHey my friends, AMERICAN WATER WORKS COMPANY is in an important moment in its history we can witness a new more historical. It is in a fake bearish push with a large volume at the start of the session and then at the end and an abortive sellers attempt. By looking at the TIMEFRAME M1 we observed an upside-down bull candle with a large volume of past purchase it goes to its lowest to start again in its rise And breakout the price it is very plausible that it recovers the losses before session. That if the buyers are back to make a new high with a breakout test of the new consolidation zone.
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