The Alkaline Water Company (TSXV: WTER)
The Alkaline Water Company is a very interesting company with a simple and intriguing business plan. You can read more about their story and fundamentals within our magazine. Some of the more interesting aspects are the number of people that purchase bottled water. Perhaps you never really think about this, but when you see the numbers, then there is really no unseeing the. The possibilities of having the benefits of cannabis within a bottle to such a broad market are very interesting indeed. If you see opportunity in consumers who are looking to access CBD and CBD-infused products then this is a company you will want to dive into.
When diving into this company and performing your research, let's not forget to evaluate the chart to help us find an opportunistic entry or place to add to your current holdings.
Let's take a look at the BB%. Where BB stands for Bollinger Bands. This is an indicator that is based on the Bollinger Bands and can be used to identify changes in trends and also used to help identify overbought or oversold conditions. Traditionally people would indicate that there is a bullish trend when the BB% breaks above the 0.8 level on the chart - however, this can also be used to signal a short term overbought area as well. Conversely, below .2 is bearish in nature. Naturally, the prices will fluctuate up and down, but it is seen bullish when these levels are breached. As we know the cannabis sector tends to be volatile so we could look to make quicker entries and also corresponding exits. We can do thiscorrespondingly - a play of riding the upper Bollinger band or below if you happen to be short. See the example on the WTER chart below for an example of how this could also be used in conjunction with your other charting tools. Just know that using this alone and such a tight threshold could shake you out when trends are not overly clear. Remember to drink responsibly to achieve wealth in your account.
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Note the chart uses NASDAQ: WTER - same company