Waste Management, Inc Short Term - We look to Sell a break of 166.30 (stop at 170.08) Trading within a Bearish Channel formation. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A break of 166.30 is needed to confirm follow through negative momentum. Our expectation now is for this swing lower to continue towards the bottom of...
Looks like a double top formation. I expect this to test 80s soon and then collapse to covid lows.
WM Showing all the signs looking good at this point on a daily. by iCantw84it 03/27/22
WM can be seen to be trending upwards yet facing resistance along fib lines this is evident along 0.618 a prior point of resistance and a double top Currently the Fib is 0.786 and is looking very similar to the prior 0.618 Price will likely be rejected and find support again along the major trend line in green
Waste Management, Inc. ( NYSE:WM ) Sector: Industrial Services (Environmental Services) Market Capitalization: $66.068B Current Price: $159.12 Breakout price: $160.10 Buy Zone (Top/Bottom Range): $158.40-$153.25 Price Target: $166.20-$168.80 (1st), $188.70-$190.10 (2nd) Estimated Duration to Target: 55-59d (1st), 166-176d (2nd) Contract of Interest: $WM 1/20/23...
Waste Management NYSE:WM is one of my favorite stocks because I was once asked, when I said I was a professional technical trader, "if the price of garbage was going up, you would buy it?" To which I replied, "yes, I own Waste Management" This morning I received a volatility spike alert which is happening at a major 50% Retracement. Added to my position that...
I wanted to make a companion explanation video for my idea that I just posted comparing the Daily Stock Market Indexes to the 30 minute timeframe on Waste Management. Both are setting up the same pattern across different instruments and timeframes.
Last week's price action of the stock market gave a textbook example of one of my favorite and fundamental trading patterns; that of the false breakout reversal. On the longer term Daily timeframe both the Nasdaq and S&P 500 setup this pattern with the February 24, 2022 spike to break but then recapture the January 24, 2022 low. We do not have to wait to see how...
Might even go longer to try and survive most of hurricane season with this one. its been steadily moving up. This and HOME Depot are going to be beast mode through this part of the year. by iCantw84it 07.20.2021
NYSE:WM had a beautiful gap up today which broke out of the months long flag pattern. It looks very healthy and I expect it to continue up to all new highs.
almost ready for the next wave up. this one has been asleep a long time but it's a fav of mine. be warned i am biased on this asset. ;)
WM about to test resistance to push up. With gold setting up, we may be close to another rally
I think the bleeding is over. Start watching for a change in uptrend
Consolidation at buy levels until good news and then liftoff again
Waste 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...