WCN, Short, 2h✅ WCN is currently forming a Cup and Handle pattern, signaling a potential bearish setup in the short term.
SHORT 🔥
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WCN/N trade ideas
WCN may keep flyingWCN is showing a break of a triangle in the mid of a bull market. 89% of the times, this is a great bullish signal, but take care if the price comes back to the red area. Seeing the price in the red area means the bull market is over.
More explanations in the chart.
Go long after earningsNo matter the outcome after earnings, this is one that should be added if you are looking for a less volatile but rewarding and necessary service. With four quarters beaten in a row, is it needed to be cautious? Slow growing yet less volatility is also good in the long term, if price were to pullback an entry long would be great if one were to hold this for long term. A service that will always be needed in North America (CANADA) this could be a staple for an individual looking for slow growing but pays a small dividend but wont move too much in value. Price is in a clear uptrend with short term bearishness as we experience a bit of a selloff leading into earnings. People will always have waste and there needs to be those who manage and dispose of said waste. It is withing the trucking industry and may be a better buy and hold strategy then trucking and logistics considering the higher interest rates for longer.
WCN At Short Entry. Good risk/reward.Risk/reward is good here for a short with a stop at all time high, as pictured.
$WCN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WCN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
WCN Wast Connections Setting Up For A ShortBased on price action and risk/reward, this trade setup is a decent trade IMO if short orders are scattered across the red zone. Distance to first PT is exactly three times the distance to the stop. It's possible that the stop gets hit with a wick, but worth the R/R.
WASTE CONNECTIONS INC (Uncertain)Probable increase in the short term and certainly a decrease in the long term if there is formation of a head and shoulders and a crossing of the zone of 148.72 dollars (CAD).
But I would lean more on a drop after a head and shoulders because of the RSI which is running out of steam.
$WCN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $WCN after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
WCN - Short SetupHead and Shoulders extra setup to add! Looking for entry below 126.23, Target 1: 118.56, Target 2: Momentum, Stop signal 130.23, Earnings estimated for February 16th. Insiders selling in November 2021. Could consider June $130 Puts.
$WCN Water Connections. Bull flagWaste connections build and broke a bull flag. A possible target is 109.60 if momentum to the upside can be maintained.
WASTE CONNECTIONS is to BUY DailyHey traders, WASTE CONNECTIONS is in a bullish momentum, bullish continuation possibility of coming in the highest precedent can be fall if the sellers push the prices.
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Waste Companies: Good Numbers but OvervaluedThere has been a lot of talk about Waste companies over the last little while, namely: Waste Connections, Waste Management and Republic Services (the 3 majors for Canada/USA respectively).
While a low beta is certainly attractive as we continue to push this market further up and up, it is important to note that in corrections and recessions, waste companies still lose 30-40% of their stock numerical value, despite what people may "think". Whenever one decides to prepare for a correction or recession, it is best to invest in precious metals and equities and stocks that have a reputation for maintaining and increasing dividends - particularly in the utility sector.
While attractive as stated because of a low beta, currently they all trade 40-45x earnings which for a sector with virtually no speculation is an absurd value.
Where is the buy in level? In my opinion a fairer intrinsic value is around $109-112, however, these stocks should be treated for portfolio stability, rather than for capital appreciation.
- zSplit
WCN Put SpreadWCN seems to be trending lower and lower,
Target is $85.
$133 max loss and $3.67 max gain.
Spread is 5 points 90/85 EXP October 18th
My only problem with this trade is the duration of it even though its 45 days I believe the move may take less time to happen.
Profit target is $183.5 max loss is $80
Possible loss if bullish is if the bottom holds and support stays intact while moving up toward $95.
Bearish idea is that this support will break due to sentiments in core market and it will trend down to $85 which isn't that far of a target.
No way!! WCN going down?!I am a bit optimistic abut WCN. I like the long term stability over many years.
I believe this recent fall is only temporary, should hold off until the price makes new resistance at $122.30 before determining that this is going to be a mid term short.
Waste Bin: WCNHowdy Yall!
This is another entry getting ready to put together my longer article on Waste Management equities! I'll be using these (last few) ideas in conjunction with a longer write-up on this basket of equities. The purpose its to create a few baskets which are solid during an economic downtrend.
