Cleanaway Waste Management (CWY)

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Cleanaway Waste Management (CWY): Signals

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TECHNICAL ANALYSIS SUMMARY

Cleanaway Waste Management (CWY.AX)


Indicator:

COLES RALLY/REACTION DAY


Last Signal:

NEUTRAL


Trading: HOLD @ $2.13
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Cleanaway Waste Management (ASX:CWY)


Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


PROFILE: Cleanaway Waste Management (CWY.AX)


Stock Exchange: ASX
Company: Cleanaway Waste Management
Ticker Codes: | CWY.AX | ASX:CWY |

About Cleanaway Waste Management (ASX:CWY):

Cleanaway Waste Management Limited provides waste management, recycling, and industrial services in Australia. The company operates through two segments, Solids and Liquids & Industrial Services. The Solids segment engages in the collection, treatment, recycle, and disposal of various types of solid waste streams, including general waste, recyclables, and construction and demolition waste, as well as the provision of medical and washroom services. It owns and manages waste transfer stations, resource recovery and recycling facilities, secure product destruction, quarantine treatment operations, and landfills, as well as participates in commodities trading of recovered paper, cardboards, metals, and plastics to the domestic and international marketplace. This segment also generates and sells electricity produced utilizing landfill gas. The Liquids & Industrial Services segment engages in the collection, treatment, processing, and recycling of liquid and hazardous waste, including industrial waste, grease trap waste, and oily waters, as well as used mineral and cooking oils in packaged and bulk forms for resale, disposal, and to produce fuel oils and base oils. This segment also provides services, such as industrial cleaning, vacuum tanker loading, site remediation, sludge management, parts washing, concrete remediation, CCTV, corrosion protection, and emergency response services. The company was formerly known as Transpacific Industries Group Ltd. and changed its name to Cleanaway Waste Management Limited in February 2016. Cleanaway Waste Management Limited is headquartered in Melbourne, Australia.

Top 10:

Cole's Reaction Day

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