Waste management dips continue to attract buyers.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 / 161.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Waste_management
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.
Waste Managment to break from a range.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 profit targets will be 164.81 and 165.81
Resistance: 153.50 / 155.66 / 160.00
Support: 150.00 / 148.55 / 145.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
6/5/22 WMWaste Management, Inc. ( NYSE:WM )
Sector: Industrial Services (Environmental Services)
Market Capitalization: $66.068B
Current Price: $159.12
Breakout price: $160.10
Buy Zone (Top/Bottom Range): $158.40-$153.25
Price Target: $166.20-$168.80 (1st), $188.70-$190.10 (2nd)
Estimated Duration to Target: 55-59d (1st), 166-176d (2nd)
Contract of Interest: $WM 1/20/23 160c, $WM 7/15/22 160c
Trade price as of publish date: $4.20/contract, $11.50/contract
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
Waste Management (WM) Possible Flag or Pennant PatternI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
Waste Management (Ticker: WM) is in a possible Flag or Pennant. I think it's near the end and about to get squeezed out one way or another, but I don't know if it will be Bullish or Bearish. You can see the trending Resistance Line it almost hit today. I expect it to hit and possibly go through that (at least temporarily) on the next trading day. If it does break that, the 100 Day Simple Moving Average is sitting at $85.09 and might push it back down. I have two trending Support Lines because it has used both of those in the past, either with a candle body or a low wick. The blue horizontal dotted line is a horizontal Support drawn off a Resistance from October 03, 2017 and a Support from February 08, 2018. I'm not currently in any position with WM. I don't have an exact guess of what it will do over the next couple of days other than what I've drawn, and what I've summarized for you to read. If you enter a position, or you're in one right now, let me know what position (Option, Spread, Stock, etc.) and how it works for you.
Waste Management, WM, BearishI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
Waste Management is Bearish. It is in a downtrend. The purple line angling down on the highs is the resistance line I have drawn for the downtrend. I have already purchased a Put (as you may be able to see on my notes on the screen) and am looking at it reaching the 200 Day Exponential Moving Average (EMA), which is sitting at $81.40 as I'm writing this at 1:40pm EST on April 24, 2018. If it goes past the 200 Day EMA, better for me; but if it hits that as support and decides to go either up or sideways I'll probably settle for my profit and see what the Stock decides to do from there. Let me know if you have any questions.