Levels of Interest $WEC TA on levels of interest for NYSE:WEC
Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about assets can change rapidly, and it's essential to stay updated with the most recent developments.
Notes on how I personally use my charts/NFA:
Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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Waste
Waste Management: No Time Wasted 🕰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 well as wave (4) in magenta. Once this low is placed, Waste Management should turn upwards, leaving the trend channel on the northern side and heading for the resistance at $175.98. A 34% chance remains, though, that the share might stop the descent earlier, complete wave alt.2 in turquoise instead and vault above $175.98 from there. In that case, wave alt.(4) would be finished already.
WM - SWING TRADE IDEAWASTE 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 some interest
1) WM is recession-proof .
Why?
Are you going to let the trash pile up because the economy is in recession?
NO
2) It is the industry leader in trash services.
They have a market share of 30% and 47% in collection and landfill respectively.
While its main competitor clocks off at 24% and 17%, respectively.
They also produce electricity with the trash through methane exploitation.
Net Income is rising year-over-year.
Technical analysis
It has been traded on ATH in August this year....
Is now trading Sideways.
Big hammer on Weekly chart.
On Daily:
Bullish Engulfing Candle
High Volume
Can go both ways.
See chart.
You could go LONG or SHORT immediately but also on the rebound.
Stop loss at ENTER prices.
Waste Management Bullrun | Current LevelsWaste Management in a steady bull run since the crash in March. These levels will hold strong moving forward.
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The stock currently sits above what has proven to be strong support @ $113 which could offer as a decent entry point considering our next support is at $107.
Watching the orange trend line as support as well, it holds strong on the weekly timeframe .
Possible long on a break and hold of resistance @ $120.
Upside targets: $126
Possible Short Entry pn break and hold below $107
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks