Buy NYSE:WM Weekly Put Jun-30-23 $165 Strike.
Oscillator setup, also against resistance areas with good volume movement leans towards a continuation bearish move. Just a weekly setup for cheap entry and hopefully a large premium gain.
Waste Management, Inc - 30d expiry - We look to Buy at 161.11 (stop at 157.11)
The medium term bias is neutral.
Trading has been mixed and volatile.
160 continues to hold back the bears.
Bespoke support is located at 160.
We look to buy dips.
Our profit targets will be 171.11 and 173.11
Resistance: 167.72 / 169.00 / 171.10
Support: 165.00 / 163.30 /...
From the top of wave D in turquoise, which was commendably paced in our target zone, Waste Management has wasted no time and has briskly started the expected downwards movement. This trend should lead Waste Management into the magenta-colored zone between $154.00 and $146.56 just below the pink trend channel, where the share should conclude wave E in turquoise as...
- WM has broken the falling trend channel in the medium long term and reacted strongly up.
- The price has broken the resistance at 164 of a rectangle pattern, which signals a further rise.
- The stock has support at 155 and resistance at 170.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- However, particularly for big stocks,...
Waste Management, Inc - 30d expiry - We look to Buy a break of 155.81 (stop at 152.21)
The primary trend remains bullish.
Price action continued to range between key support & resistanc
ence for trading is higher highs and lows.
A break of the recent high at 155.49 should result in a further move higher.
This is curremtly an actively traded stock.
Our...
Bear Rally:
I've had WM on my watch list since it made a new swing low Friday, January 20th. The stock is also trading below a falling 50-day SMA. As I had this on my watch list, I was thinking this would be a low base set up, but evolved to a small bear rally with lower or equal volume running up to the 20 day or previous support/resistance at 154.35. The...
The PEAD projected a bullish outlook for $WM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 55.56%.
Waste Management, Inc. (WM) shows several interesting formations in the $146-4148 region
(This is a stock in transition after recent disappointing earnings and a counter market trend since Dec. 2022)
First there is the pending Gartley harmonic pattern.
This is complimented by 2 ABCD patterns which help confirm my above area of interest.
I have clearly...
This is just a short note, but I was surprised to see WM near these levels. Other consumer defensive stocks have lately been reasonably strong, and through 2022 WM was one of the most resilient stocks.
The fact that it is still around these levels is sort of concerning. The market is busy going up. This is supposed to be a quality name, but instead it has sort of...
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...
WASTE MANAGEMENT (WM)
The King of Trash
It is the industrial leader in waste management environmental services to residential, commercial, industrial, and municipal customers in North America.
Besides that, it owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
Why you should...
The PEAD projected a Bullish outlook for $WM after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
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...
Earnings 7-27 BMO
Wide Rectangle. Neutral pattern until a trend line is broken.
Trash may be cash if not overvalued and I guess it could be considered a defensive play. How can you overvalue trash pick up? I guess you could as anything is possible, but it remains to be seen.
No recommendation
EPS (FWD)
5.58
PE (FWD)
27.74
Div Rate (FWD)
$2.60
Yield...
Bearish/Bullish
Fundamental
- High inflationary Macro environment / still no fear sentiment
- Funds Distribution
- Normal PE
- Negative PEG
- Decent P/FCF
- High debt
- Niche Sector / Industry / Leader
Technical
- - Momentum Theory Indicator - bearish divergence
- Price action formation ( double tops )
- Broke down Trend line and did a retest / seems...
