Long Consolidation (Zigzag) looks done.
Great earnings
Good to Long
Goal is about 3R (4.5ATR(21EMA)). Risk is about 1.5ATR
Risk management is the most important.
MTW trade ideas
$MTW #MTW Nears the end of the Wedge$1.02 EPS this year so Far, with 3rd & 4th Quarter still to be reported
$MTW #MTW burst thrue top of wedge at $14.46 earnings day 10/28?$MTW has a chance of breaking long term downtrend line on earnings day 10/28/2019
$CAT reported horrible earnings today, Yet still bounced about $2 on Valuation, Heavy Equipment Sector May have found a Bottom.
MTW has an Inverse Head & Shoulders Pattern coming out of a 5 year low, & Has Broken out of the downward trajectory trading channel ahead of Earnings .
On $MTW Earnings Release Day, the Downtrend Ceiling Is $14.46$MTW has a chance of breaking long term downtrend line on earnings day 10/28/2019
$CAT reported horrible earnings today, Yet still bounced about $2 on Valuation, Heavy Equipment Sector May have found a Bottom.
MTW has an Inverse Head & Shoulders Pattern, & Has Broken out of the downward trajectory trading channel ahead of Earnings.
$MTW Hope for a break above trendline in MANITOWOC Co INCIt has not been easy for investors in MTW, with the price currently sitting at 1999 levels. Good news has been in short supply but maybe its close to turning the corner. It has fallen so much now there is no real need to jump back in, while fears of global growth still exist. The removal of trade war issues could well be the stimulus needed. We remain neutral but keen to make a trade on any noteworthy news.
$MTW finally flushed & ready to move higher$MTW recently announced stronger than expected earnings and had the largest volume day in a year on Jan 31. This was the final flush needed clearing the way for a new uptrend and higher prices. $MTW was $44 a share in 2018 and is now sitting near $17 offering an attractive entry point. I am entering long today
MTW on the move up?Looking at the weekly chart we see MTW has dropped down very near the bottom of its range dating back to 1996. And even with the support level from 2012. more recent price action saw a breakout above the resistance of the last 30 days. I'm in long aiming for a modest target of $40. Good Luck and Happy Trading!
inverted cup and handle for MTWHere is what I think is happening.
MTW is in a inverted cup and handle pattern, with the initial handle under formation (or perhaps a bigger cup is in formation).
1. Its currently in the process of short term over bought, not quiet there yet based on OBOS levels. I could be wrong and the 30.00 price is the resistance that it has hit and continue the down trend .
2. because of the rate at which the stock tanked and stretched far down, there should be some rebound and I expect it to hit resistance at 32.25 with decreasing volume.
3. with further continuation of the down trend the price could hit two key price levels.
- cheers
Scorp
I notice a problem with tradingview dataThis is not a analysis or strategy, i post this bc i notice that on tradingview the price in 2007 says 160$ per share when i check yahoo finance or tc2000 they say 45$ in 2007
Going long MTW Tuesday morningMTW is printing a bullish candlestick over candlestick price bar on heavier above average volume right above its 50 DMA with my momentum/trending oscillators confirming the price move. I am going long MTW Tuesday morning using a limit (GTC-BUY-LMT) order @ 40.64. I will have two trailing sell stops (GTC-SELL-STP) @ 38.79 and 37.03 to protect my initial invested capital in case MTW does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from November '16 - November '17.
Set up in MTW long50 MA on weekly starting to turn up. looking for a break of the high with a decent gap to fill . $MTW
MTW Looking good for tommorrowBased on the MACD's recent buy signal, and the STOCH and the RSI going up (as well as the AO doing a reversal, and the Aroon doing a cross)
Trade Safe!
Ascending Triangle on $MTWManitowac $MTW has an ascending triangle after it's big drop of 17% last week.
Rising support and a flat resistance line. Wait for the break out above resistance before buying.
