Thread by @malteseinvest

Analysis: #NYSE $WTR

Case 50 #Aqua America Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#WTR 1/7

A good rising trend that moves in symmetry. The strong up move of 2019 should be treated with caution.

WTR 2/7

Chart 1
Monthly Chart: There have been 2 #parabolic moves and 2 semi-parabolic: Aug. 2004 - Feb. 2006, May 2012 - Aug. 2013, Sept. 2015 - July 2016, and Dec 2018 - Oct. 2019. The true parabolic moves are marked with an ellipse. ....

WTR 3/7

... All these up moves have a range of $11-$12 while the last is a $14 move. The all time high of 46.90 stopped exactly at the slope of the measured move and backed off slightly.

WTR 4/7

Chart 2
Monthly Chart: #Fib resistances calculated from the 1997 low to the swing high of 2006 (left of the chart). Channel resistance marked in blue and another measured move that sees this stock trading towards $63. The SMA 50 has supported the rising trend since 2011.

WTR 5/7

Chart 3
Weekly Chart: Multiple #strategies printed in the image.

The last marked "Risky Trade" is for day and short term traders and should be entirely avoided, especially if one is not savvy on how to cover his/her tracks quickly. ....

WTR 6/7

.... A strong close above 45.30 is required when thinking of entering into such a trade. Parabolic moves can suddenly and viciously correct lower.

WTR 7/7