Good potential for breakout on both arrows, first break will trigger short covering
Second break to the far left will trigger even more shorts losing money due to highs being broken, may be start of an uptrend.
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.
I own this in my IRA and just placed a stop due to the rising wedge that is forming. I like to keep the securities in my IRA long term so as a rule I do not place stops unless I see I am possibly in trouble.
Rising wedges can be bearish if the bottom trendline is broken. They occur due to lack of healthy pull backs and interrupt supply and demand. The...
WM posted $1.13 in Q4 adjusted EPS, declining from $1.19 a year earlier. Revenue, meanwhile, rose to $4.07 billion from $3.85 billion in Q4 2019. For 2021, Waste Management pegged revenue growth at 10.75% to 11.25% and adjusted operating EBITDA at $4.75 billion to $4.9 billion. The company said it also plans to increase annual dividend by $0.12 per share to $2.30...
I put a regression channel starting at the end of the covid volatility. Currently trading ~2 standard deviations below forecasted mean. If trend holds, $115 call would still be ~2 standard deviations below the mean forecasted by the regression channel. Let me know what you are thinking.
