Great stock.
Price has remained above the .236 of the trend up since the covid low which a very few stocks have managed to do.
Even being above the .382 at this point is an accomplishment and WM is well above the .382.
Looks like BAT but the final leg could go lower.
Diving Doji with a very long tail went support hunting today and found the 1.113.
Sometimes Diving Dojis (long legged doji with a tail that is not in proportion with the wick) can point to support, but sometimes they can be ominous but can take a few weeks to iron out.
Price dipped below the .236 of the trend up today briefly.
Some would say that securities above the .236 are a bit lofty for this market. Others would argue this means these securities are just super strong stocks and will not see lowers lows like the rest of the market does in a bearish environment.
I think they will see lower prices but that is me. Any buyer can become a seller and there are a butt-load of buyers in WM.
Valuation is not always the end all of everything.
Greed is often the deciding sin that can even take a whole country down, much less a market.)o:
No recommendation except hold tight and watch.
Don't be a hero.
EPS (FWD)
5.72
PE (FWD)
27.69
Div Rate (FWD)
$2.60
Yield (FWD)
1.64%
Short Interest
0.94%
Market Cap
$64.95B
Price has remained above the .236 of the trend up since the covid low which a very few stocks have managed to do.
Even being above the .382 at this point is an accomplishment and WM is well above the .382.
Looks like BAT but the final leg could go lower.
Diving Doji with a very long tail went support hunting today and found the 1.113.
Sometimes Diving Dojis (long legged doji with a tail that is not in proportion with the wick) can point to support, but sometimes they can be ominous but can take a few weeks to iron out.
Price dipped below the .236 of the trend up today briefly.
Some would say that securities above the .236 are a bit lofty for this market. Others would argue this means these securities are just super strong stocks and will not see lowers lows like the rest of the market does in a bearish environment.
I think they will see lower prices but that is me. Any buyer can become a seller and there are a butt-load of buyers in WM.
Valuation is not always the end all of everything.
Greed is often the deciding sin that can even take a whole country down, much less a market.)o:
No recommendation except hold tight and watch.
Don't be a hero.
EPS (FWD)
5.72
PE (FWD)
27.69
Div Rate (FWD)
$2.60
Yield (FWD)
1.64%
Short Interest
0.94%
Market Cap
$64.95B