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dorfmanmaster

Water is 2020's winner so far

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Consolidated Water Co. Ltd. (NASDAQ:CWCO)  
dorfmanmaster  
NASDAQ:CWCO   Consolidated Water Co. Ltd.
Candlestick Analysis Double Top or Bottom Trend Analysis water outperformer leader utilities defensive Double Bottom Bullish Engulfing Engulfing Candle recession
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candlestick doubletoporbottom trendanalysis water outperformer leader utilities defensive doublebottom bullishengulfing engulfingcandle recession
The 3 leaders YTD have been (in order): Utilities, Healthcare, Staples; which happen to be the 3 most defensive sectors, who tend to outperform during a recession...
Inside the utilities sector, the Water industry is the leader.

CWCO has a beautiful looking chart, setting a strong support after making a double-bottom, which immediately after, made a bullish engulfing candle. It is interesting to note, that the volume on this 2-day event; was almost identical. Meaning the amount of buyers was larger than the seller side.




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