CWN seemingly mirrors MPEL (Nasdaq) chart and has been for along time, I don't exactly know why !
If you look at the recent lows in both stocks at the same around late September, very early October and compare percentages inceased ,then compare prices. The figure seems that CWN is valued at the moment at $ 13.42....please correct my hypothesis if you see different.
MPEL volume up approximately 17 % over the last week.
The triple top is $12.04, so if it breaks through that we should technically see a rally ?
CWN reacts negatively to a long handle hammer type pattern ( candlestick) but that is a short handle hammer and when viewed historically to this particular stock it seems to indicate a price surge.
CWN Price at posting:
$11.83 Sentiment: Buy Disclosure: Held