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CSW INDUSTRIALS INC (CSWI.O)

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, CSW Industrials, Inc. is from the watchlist section of the weekly report. It is featuring a head and shoulder continuation chart pattern.

CSW INDUSTRIALS INC (CSWI.O)

CSW Industrials, Inc. is a diversified industrial company with operations in three segments: Contractor Solutions, Engineered Building Solutions and Specialized Reliability Solutions. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 2 year-long head and shoulder continuation with the horizontal boundary acting as strong resistance at 144.00 levels. The horizontal boundary was tested several times over the course of the chart pattern. A daily close above 148.00 levels will confirm the breakout from the 2 year-long head and shoulder continuation with the possible chart pattern price target of 188.00 levels.


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