Reversal_Edge
Oct 21, 3:29 PM
$YORW Defensive Value + Potential Recovery
I’ve entered a starter position in YORW as a potential long-term opportunity. 💧
📊 Fundamentals: Regulated water utility with essential, recurring demand, a history dating back to 1816, and a remarkable dividend streak. Recent wastewater expansion adds another potential growth avenue.
📈 Technical setup: The Oct. 19 pullback looks constructive relative to Oct. 1’s price action, with RSI showing improvement from its earlier low. Oct. 20 then printed a positive recovery candle, suggesting selling pressure may be easing and a base could be forming. Will continue following.
💡 I like the combination of a defensive business, dividend income, and early recovery potential.
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