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...
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
Although not a 'sexy' and popular tech company Waste Management has enjoyed an exponential growth for the past decade.
Is it time for this bubble to burst?
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years (124.63%)
Profit margin - not impressive but decent 10.30%
P/E - quite...
Always follow rules & discipline in trading because their no much difference in trading ( doing things with rules & discipline ) & gambling ( just predicted) !!
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $151.97
Target Price: $154.43
Stop Loss: $147.86
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.
5Y P/E 27.71 - Now P/E 29.87.
Adjusted Earnings Growth of 7.96% with div @ 1.57%
More attractive equity based on OCF
5Y Norm P/OCF = 13.59
Now P/OCF ~14
Adj growth OCF = 6.67%
WM has a pretty wide moat.
Earnings watch 2/2 pre-market:
WM
MPC
ABBV
DHI
TMO
DT
HUM
JCI
CPRI
BSX
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
* Great earnings
* Very strong up trend
* High 3-month relative strength of 2.55 in the Industrial sector
* Pays out dividends
* Has been in a tight range of ~3.94% for the past 5 to 6 weeks
* Held up incredibly well during this time of market uncertainty
Trade Idea:
* There are a few plays you can do here since the 4% stop is quite a distance away:
1) Enter...
New highs. I called this out novemeber 11th a we were breaking key reisatnce of 160.40s. I went long on 170 calls and 165 calls. We made a new high today as we have slowly been headed to my first target of 174s. As of now flipping our previous high of 163.83 into support. Looking excellent in my veiws
