Many of the water industry stocks look to be putting in a reversal pattern, otherwise known as The Anti. The sector itself is one of the few green sectors when performing sector analysis. This chart shows free bars (indicative of a market reversal), a pullback (The Anti setup) and a really strong bull bar confirming the initial price action. CWT is the other water stock you can look to long, I actually like it more than this one.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.