• Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In
Trade The FifthTrade The Fifth
  • Trading Software
    • TradingView
    • NinjaTrader
    • MT4
    • Thinkorswim
    • TradeStation
    • MultiCharts
  • Online Classes
  • Trading Courses
  • Free Resources
    • Economic Calendar
    • Blog
    • Webinars
    • Newsletter
  • Sign Up
  • Sign In

Blog

Home » Earnings Play AWK – Stocks Swing Trading
image of earnings play awk chart

Earnings Play AWK – Stocks Swing Trading

  • Posted by Paul
  • Categories Blog
  • Date October 30, 2019
  • Comments 0 comment
7shares
  • Share
  • Tweet
  • LinkedIn
  • Reddit
  • WhatsApp



AWK Earnings Play Long 5th Wave Swing Trading Opportunity by tradethefifthcom on TradingView.com

AWK reported earnings after the markets 30 Oct and had beat on EPS , which could be the catalyst for a Bullish move 31 October as conference call is due before the US markets open. We have used our Elliott Wave Indicator Suite for the TradingView platform to carry out this analysis.

Earnings plays are notoriously difficult swing trading opportunities so we like the back up of technical analysis before entering a trade. Using our Elliott Wave Indicator Suite we can see the wave 4 has pulled back into our green probability pull zone, which represents an 85% probability of our automated 5th wave target zone (blue zone on chart) being hit. Our criteria for our Elliott Wave Oscillator and special False Breakout Stochastic indicators have also been met.

So if we get an expected Bullish reaction to earnings today we will look for a conservative entry above the recent pivot at $126.02 with the Stop loss at $118.57, just below the wave 4 pivot . This gives a 1:1 Risk to Reward to our 5th Wave Target zone with an initial target price of $134.

Earnings Play using our Elliott Wave Indicator Suite for TradingView

Tag:AWK, Earnings Play, Swing Trading

  • Share:
Admin bar avatar
Paul
Paul Bratby is the CEO and founder of Trade The Fifth, an Elliott Wave program designed to educate traders and investors on the financial markets so they can take responsibility for their own portfolios and trading accounts by learning how to ride the profitable Fifth Wave setup. Paul started in the business over 14 years ago, and combined his career as an Engineer along with his Military Mindset to develop a repeatable trading and investing strategy that he has used to manage 8-figure accounts.

Previous post

Smartlist - Webinar Recording September 2019
October 30, 2019

Next post

GNRC - Analysis of Recent Winning 5th Wave Trade
November 1, 2019

You may also like

image of tradingview stocks swing trading chart trade management
Trade Management for Stocks Swing Trading
9 July, 2020
image of covid-19 second wave header
Can A Second Wave of COVID-19 Be Debilitating to the Stock Market?
27 May, 2020
image of winning elliottwave trade on ES Emini futures
Combining Roller Coaster & ElliottWave Indicators
24 April, 2020

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Blog
  • Daily Videos
  • Education
  • Trading Journals
  • TradingView
  • Uncategorized
  • Videos
  • Webinars

Archives

USA Office: 19 W 34th Street, Suite 1018,
New York, NY 10001
US Phone: +1 (415) 992-7787

Ireland Office: Unit 3D, North Point House,
North Point Business Park, New Mallow Road,
Cork, T23AT2P, Ireland

Copyright © 2020

Learn More

  • Trade Ideas
  • Contact Us
  • About Us

Legal

  • Privacy Policy
  • Terms of Service

Latest Tweets

Tweets by tradethefifth

Swing trading, Day trading, short-term trading, options trading, and futures trading are extremely risky undertakings. They generally are not appropriate for someone with limited capital, little or no trading experience, and/or a low tolerance for risk. Never execute a trade unless you can afford to and are prepared to lose your entire investment. All trading operations involve serious risks, and you can lose your entire investment. No trades are recommendations or advice and we cannot be sued for losses of capital. All trades are for educational purposes only. Contact your broker or RIA for execution, margin, and other capital requirements. All users and viewers of wave5trade.com adhere to ALL terms of service on www.tradethefifth.com

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Past performance is not necessarily indicative of future results.

Testimonial Disclosure:  Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Trade The Fifth