Down trend of WM.The down trend of WM is confirmed. It is experiencing a secondary back bounce. Targeting shorting range around 114. Longby WallaceWang0809Updated 6
Quick trade in Waste Management. Entry level $113.37 = Target price $116.62 = Stop loss $112.21 Very short term trade as we believe the company is overvalued with such a high P/E despite the growth opportunities. Average analysts price target $124.78 | Overweight. P/E ratio 27.46 high valuation Company profile Waste Management, Inc. is engaged in provision of waste management environmental services. It operates through the following business segments: Tier 1. Tier 2 and Tier 3. The Tier 1 segment comprises exclusively of areas in the Southern United States. The Tier 2 segment comprises predominately of areas located in the Midwest and Northeast United States. The Tier 3 segment comprises all remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The company was founded on September 30, 1987 and is headquartered in Houston, TX.Longby Bullishcharts25
WM - Cleaning Up The GarbageXLI is a sector that has recently broken out, looking within that sector, WM seems to be showing some bullish potential. The stock is trying to successfully bounce off a test of the 200-day EMA line. Any continued strength will push the price back above the 10-day EMA line. The stock is also exiting an oversold condition. I am targeting the $115 & the $120 price levels as they are the 100% & 161.8% Fibonacci Extension levels.Longby Chartimistic2
WM EMAs convergingNice bullish volume. Has room to run. Stop under previous weeks' candle. Longby BruceD9752
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. Shortby Synaptic724Updated 6
Looking for a long opportunity above 107.37 - WMUptrend strong. Looking for a long opportunity above 107.37 or on a pullback to 105.50 as long as 10 SMA stays above 20 SMA.Longby ShaCHG0
Long Term Investment PortfolioWM - Waste Management TAM - 3B 40K Employees Steady DividentsLongby CristiLok0
$WM Waste Management turns trash into big $$$$$$$$$$Waste Management has attracted attention recently but it may not be time for an investment in the name. Recent news regarding the acquisition of a competitor has made it more desirable but we will wait on the sidelines for a pullback that is due. Indicators have turned negative which can not be ignored. by RedHotStocks5
WM - amazing round numberWM - Industry sector i planned to enter over 95 but somehow missed it right now it is touching the upper bolinger strip RSI – is currently high however, it is in front of a very round number, significant and psychological therefore, a correction is expected ….and when that will happen, I will follow it for an entry probably only above that amazing round number - 100. all times high …no recommendation .. your insights will be welcomed. Longby Yamit2000334
WM Approaching Support, Potential Bounce!WM is approaching our first support at 83.77 (horizontal overlap support, 23.6%, 76.4% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 57.23 (horizontal pullback resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding rise in price. Longby TradeGATEHub35
WM approaching support, potential bounce! WM is approaching our first support level at 85.98 (100% Fibonacci extension, 61.8% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 93.71 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price. Longby TradeGATEHub0
Waste Management ShortWaste Management is a company that provides services which will always be in demand. This is a primary reason for the steady increase in the company's value, it generally resists market downtrends due to consistent revenue. However, it is not bulletproof. In the market crash a decade ago we saw a drop of over 50% for this stock, despite the consistent demand for its services. When you look at the Heiken Ashi chart, it is clear we are due for a red 3 month candle. The fisher is showing that the uptrend is becoming exhausted, and pretty soon long term buying will be illogical for smart money. Shortby babagoose3
WM short term bear, potential fractal top in processWM short term bear, potential fractal top in process elliott waves illustrate the overall trend to a smaller and larger degree. observe thru end of year. Shortby astoinis2
Gorgeous Symmetrical Triangle - Looking for the Bullish PlayThis is a textbook symmetrical triangle on WM. If indicative of symmetrical triangles, WM should continue its underlying bullish trend. Longby VelvetHammersTrading336
Waste Management (WM) Possible Flag or Pennant PatternI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Waste Management (Ticker: WM) is in a possible Flag or Pennant. I think it's near the end and about to get squeezed out one way or another, but I don't know if it will be Bullish or Bearish. You can see the trending Resistance Line it almost hit today. I expect it to hit and possibly go through that (at least temporarily) on the next trading day. If it does break that, the 100 Day Simple Moving Average is sitting at $85.09 and might push it back down. I have two trending Support Lines because it has used both of those in the past, either with a candle body or a low wick. The blue horizontal dotted line is a horizontal Support drawn off a Resistance from October 03, 2017 and a Support from February 08, 2018. I'm not currently in any position with WM. I don't have an exact guess of what it will do over the next couple of days other than what I've drawn, and what I've summarized for you to read. If you enter a position, or you're in one right now, let me know what position (Option, Spread, Stock, etc.) and how it works for you.Shortby AROD01112