i had an absolute field day swing trading CWTR multiple times, mostly on the short side, throughout a good part of it’s descent in recent years. i now have alerts set on both sides of this ascending triangle pattern. although these are inherently bearish patterns, they can often provide very lucrative long-side trades on an breakout to the upside. please ignore all the lines on the top of the chart which i just haven’t bothered deleting yet. as prices are currently at the top of the pattern, which is nearing apex, i have added the first two targets should we get a breakout to the upside. if the pattern happens to break down, i will add the downside pattern measurements but as this stock has already been dancing around in penny stock territory recently and is just now fighting to reclaim the 1.00 mark, i would say the odds of this company ultimately going to zero if this pattern breaks down are pretty good.
