A shining light on a strong down day sees buyers step into the action

Potential Buy Entry Alert CWY

 

Time Frame : Daily/Weekly

Sector : Commercial and Professional Services

Key Stats : $3.44 Billion Market Cap, VWAP 1.705, ASX Ranking 109, 4 Week Av Turnover $9,736,770, Current Turnover (Intraday as at time of alert) $3,952,276, PE 30.1, Div Yield 1.48%.

Company Overview : Cleanaway Waste Management Limited (CWY, formerly Transpacific Industries Group Ltd) is a provider of waste management services in Australia, with operations in both solid and liquid waste.

Broker Consensus : BUY

 

CWY – Cleanaway Waste Management Limited

CWY is a shining light on a very weak day for the ASX200 as price up over 5%. We see the potential for price to rally strong as price is poised and in prime position. Selling has recently seen a pullback in price to the 1.70 mark where we are now watching for confirmation off the higher low for a buy entry.

 

Stock Code : CWY – Cleanaway Waste Management Limited

Company Website : www.cleanaway.com.au

Current Price : 1.75

Status : On watch for buy entry setup