Potential Buy Entry Alert to Watch CWY

Time Frame : Daily/Weekly

Sector : Commercial & Professional Services/Waste Management

Key Stats : $3.5 Billion Market Cap, VWAP 1.74, ASX Ranking 109, 4 Week Av Turnover $9,006,491, Current Turnover (Intraday as at time of alert) $1,113,275, PE Ratio 30.6, Div Yield 1.46%.

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 finding some good daily support around the 1.70 zone as price has rejected four times now. We are watching for the buying pressure to lift price higher through 1.80 and then build the buy entry setup. A higher low will give us the confidence that buyers are starting to take control.

Stock Code : CWY – Cleanaway Waste Management Limited

Company Website : www.cleanaway.com.au

Current Price : 1.75

Status : On watch for buy entry setup