Water supply ETF $CGW may explote to the upside
Is in a confirmed uptrend and now after a volatility contraction pattern (VCP), 
CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio.
PIO, another water supply ETF is behaving very similarly but, I prefer CGW because it has had better historical returns. But still, could be a good trade.
Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are
DHR and 
AWK.
CGW is showing a pivot buy just above $60. My trade will be buying above the pivot with a stop just below the 50-day MA and a target sell at $66. Low risk trade with a 2:1 risk/reward ratio.PIO, another water supply ETF is behaving very similarly but, I prefer CGW because it has had better historical returns. But still, could be a good trade.Some of the industry leaders are also showing the same bullish pattern. The ones that I have on my watchlist are
DHR and AWK.
Aviso legal
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