Based on WMS history , we may not see a daily wedge drop n pop setup for a while , we normally have not seem hourly even , so I decided that since this is , to me , the strongest name on my list of stocks , I will try to take advantage of this hourly entry .
The position will be DE risked like an add even though its my primary buy .
I may need to try it a few...
This is a special chart, to my eyes at least .
First of all there's a ton of consecutive green up days with great volume coming in ...
We have gaps
We have minimal wicks , strong days
Earning and sales that outperformed
Intuitions are buying , at 87% of float and positive transitions .
And we have a GLB ( green line breakout ) to an all time high .
This...
Hey guys,
I think it's fair to say that WMS is fresh off of distribution, with a year of buyers overhead and a Wyckoff look with the false breakout. As history proves with this stock, it could inch higher over the subsequent few weeks, but based on market conditions, I think shorting countertrend rallies is the way to go in these markets. I would look to short...
Break 113.83. Stop signal 122.19, Target 85.19.For more aggressive traders one could also consider a together stop of 118.63. With tighter stops you get a much better risk reward (in this case 6+ to 1 instead of 3.5 to 1) but of course the potential for a stop out caused by market noise is higher. See Tuesday Trading Room for full breakdown on this topic.
I last discussed this July 1st, 2021. I mentioned how I thought this would come back and retest the $114 area.
Since then it's given multiple buying opportunities around $114 and now it has finally broken out.
Question now is, can it hold?
WMS has broken out of the resistance zone of $117.90 with relatively more volume but I still think it's not enough.
Trade...
Looking at the weekly or even monthly charts you can see that the company is consistently doing really well.
Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout.
The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company.
However, I do think that WMS may...
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WMS has a significant mark-up phase if it can break supply, and hold demand above the $111-$113 range.
First, let us take a look at the red-on-red filled candle (highlighted yellow) at $111.11 open from 02 March 21
When back testing the resulting move following a breakthrough of similar candle-based indications, the price action has continued into a steady...
Short opportunity with a double Doji indicating the price is about to break. The MACD crossover shows an upcoming downtrend to the next support around $50.00
NYSE:WMS has been trading sideways for the last 2 months forming 2 month Ascending Triangle Chart Pattern just below ATH. The price tested $51 level multiple times in the last few weeks and looking to breakout soon.
#KeepItSimple
Contextual immersion trading strategy idea.
Advanced Drainage Systems designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States and internationally.
The share price rose after good earnings. I see some...
WMS appears to be correcting within a longer-term bullish trend. Although its MACD is presently below the signal line, shares remain 23.7% above an upwards sloping 200-day moving average. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.
Looks like a double top in ADS daily chart and already continuous two days, its made lower lows. Risk level has been defined, at 0.5 fib level, seeing a risk: reward is 1:4
