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WM

Waste Management Bullrun | Current LevelsWaste Management in a steady bull run since the crash in March. These levels will hold strong moving forward. ~ The stock currently sits above what has proven to be strong support @ $113 which could offer as a decent entry point considering our next support is at $107. Watching the orange trend line as support as well, it holds strong on the weekly timeframe . Possible long on a break and hold of resistance @ $120. Upside targets: $126 Possible Short Entry pn break and hold below $107 Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months. DotcomJack | Michael Jordan of Stonks
NYSE:WM
by DotcomJack
1
WM: Major Resistance Breakthrough Analysis 4H (Apr. 28)X FORCE GLOBAL ANALYSIS: Waste Management (WM) is the leading provider of comprehensive waste management in North America, providing services that range from collection and disposal to recycling and renewable energy generation. In this analysis, we look at Waste Mangement's technical to spot a potential bullish breakout Technical Analysis - The first thing we can spot from this chart is a bullish ascending triangle. - Prior to this pattern, we saw a bullish divergence, with prices forming lower lows, and the Relative Strength Index (RSI) forming higher lows - Prices consolidate within the pattern for a bullish reversal, forming higher lows. - This demonstrates that bulls have more strength in pushing prices, while bears merely maintain resistance - We have broken through one major descending trend line resistance with a gap. - There is, however, another descending trend line resistance that needs to be broken, in order to confirm a breakout - We have broken through the ichimoku cloud resistance - The 20 Simple Moving Average (SMA) is a good reference of short term trends in this case. - We have broken through, and are trading above the 20 SMA - The Moving Average Convergence Divergence (MACD) shows an uptrend of moving averages, and weak bearish momentum demonstrated by a quickly negated death cross. What We Believe Prior to the drop caused by the Corona Virus (COVID-19) crisis, Waste Management has been on a historic bull-run on the monthly. Given its price history, we believe that a potential breakout could mark the beginning of a bullish trend reversal. Trade Safe.
NYSE:WMLong
by XForceGlobal
Staples of modern civilzation ($WM)In my last article I lamented my folly of inadvertently buying when CNBC said to do so. Earlier this week I caught a clip of Dave Ramsey, a radio financial advice personality, telling people that they were stupid to not be buying to stock market right now when it was "cheap." Again, we had more downside to go. When you've been trading for a few years you eventually realize that literally everyone, including yourself, has to realize the point of "peak FUD" before the market turns around. There has been far too much optimism following this selloff. "It's just the flu", "the economy is still strong," etc. are just not things you would hear at the tippy-bottom. That being said I still need to be wisely allocating capital in this rare event. Some Weekly timeframe alerts I've set over the past month before the crash have been dinging to my attention this morning that I'm keen to buy. NYSE:NOC and NYSE:WM are two stocks I've been watching and waiting for an opportunity for a long time. NYSE:WM more than others. Weapons and Garbage are staples of civilization... just as much if not moreso than toilet paper (which everyone seems to be inexplicably bullish on).
NYSE:WMLong
by norok
2
Staples of modern civilzation ($NOC)In my last article I lamented my folly of inadvertently buying when CNBC said to do so. Earlier this week I caught a clip of Dave Ramsey, a radio financial advice personality, telling people that they were stupid to not be buying to stock market right now when it was "cheap." Again, we had more downside to go. When you've been trading for a few years you eventually realize that literally everyone, including yourself, has to realize the point of "peak FUD" before the market turns around. There has been far too much optimism following this selloff. "It's just the flu", "the economy is still strong," etc. are just not things you would hear at the tippy-bottom. That being said I still need to be wisely allocating capital in this rare event. Some Weekly timeframe alerts I've set over the past month before the crash have been dinging to my attention this morning that I'm keen to buy. NYSE:NOC and NYSE:WM are two stocks I've been watching and waiting for an opportunity for a long time. NYSE:WM more than others. Weapons and Garbage are staples of civilization... just as much if not moreso than toilet paper (which everyone seems to be inexplicably bullish on).
NYSE:NOCLong
by norok
WM - Bullish Pattern Breakout - Bullish EMA Cross ImminentI AM NOT ENTERED IN THIS TRADE - BUT ITS READY IMO Unless price opens below $113.03, WM is ready. Bullish Put Credit Spread Chart Details Bullish pattern on Weekly view with bullish price breakout. Pattern is repeating in WM, flat bottom wedge (bullish pattern). I like this sign. Bullish EMA Cross on Daily view. Bullish EMA Cross on Weekly view is guaranteed IMO. Price is already above 10WeekMA with buy signals on Daily and Weekly. Only cons : - 2 gaps below current pattern. We aren’t keeping anything long. :) -Monthly options only, no weeklies. Plan accordingly. Entry Options Looking at 1/17 Expiry. Put Credit Spread. 110/115 strikes. POP 66%. Risk $345. Reward $155. Not the best risk/reward. But I like the pattern and EMA Cross/10Week price cross on Weekly - this is money in the bank 9 out 10 times. Stop loss at $112.50 Must exit before expiry. Hold maybe a week. Exit at 50% profit, gap fills, or your risk tolerance. Spread Comparison Debit Spread vs Credit Spread –Bullish Call Debit Spread everything the same would have risk $365, reward $135. This is the reason credit spreads beat debit spreads almost always. You risk less and make more with higher POP (probability of profit). About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SMH Bearish, SPXS Bullish
NYSE:WM
by MoneyPatterns
WM Put SpreadI'm putting a put spread on WM since it seems to be in a downtrend even though its not strong it has hints of bearishness with divergences on RSI and OBV Spread cost is $1.35 Exp Oct 18, 115/110 I'm trying a 3 week option instead because I'm testing it I seem to be hitting my targets sooner than later so this may become the norm if the tests work out. $1.35 Cost/ Max profit is $1.825/$3.175 Cost as Sale Max loss is $101 which is sold in the last week of option on monday the 14th if the option plan is a failure.
NYSE:WMShort
by Synaptic724