WM: could be still an opportunity for buying at 115 priceSee in my previous post. The price opened lower, even better R:R around 2.5
WMI trade ideas
TRASH TO SPACE? | Waste ManagementWaste Management is one of the few stocks I've traded over the years. Waste Management is a beautiful opportunity for investors with 30%+ gains avg. a year, for the last 5 year years.
When it comes to stocks, I often ask myself "do we NEED this company/service"... When it comes to trash, we do. I think it's going to be interesting what's to come for WM, will it strive through this next crash?
Pattern Recognition:
- As we validate this rising wedge, we look for a few more waves before it's descend (if rising wedge is successful). We look for a retest near $115 most definitely, if the bears can push we will see farther retest toward the $108 level.
Trash In Space?
" The development will occur in two phases. In Phase A, selected companies will create a concept trash compaction and processing system, conduct design reviews with NASA, and validate concepts through prototype ground demonstrations. Throughout this phase, the companies may request use of NASA facilities to conduct subsystem tests. In Phase B, a flight unit will be developed to demonstrate a system aboard the space station as early as 2022.
Inherent with the NextSTEP partnership model, private companies must contribute their own corporate resources toward the development of their trash compaction and processing systems. In this case, responders are required to show a minimum of 20 percent contribution toward the overall development cost, or 10 percent for small businesses. Proposals are due August 22, 2018. NASA plans to host a "
The future is closer than many think....
As always, I'm not a financial adviser nor am I providing financial advice.
DotcomJack
WM - another Bull opportunityHello,
This is my first public idea.
There was a consolidation in the past several month after a clear uptrend, now the price is breaking out of the triangle, which might indicate the continuation of the previous trend. Entering the market at current level provides good R:R ratio.
Some fundamentals:
EPS=4.14
P/E=28.14
DIV=1.78% (2.05)
ROE=0.27
g=0.136
r=15.38%
seems to be above average, comparing to competitors in the US environmental services sector.
Support me, if you like my work. I am planning to come up with more in the near future.
Cheers,
G.Igor
WM - Bullish Pattern Breakout - Bullish EMA Cross ImminentI AM NOT ENTERED IN THIS TRADE - BUT ITS READY IMO
Unless price opens below $113.03, WM is ready. Bullish Put Credit Spread
Chart Details
Bullish pattern on Weekly view with bullish price breakout.
Pattern is repeating in WM, flat bottom wedge (bullish pattern). I like this sign.
Bullish EMA Cross on Daily view.
Bullish EMA Cross on Weekly view is guaranteed IMO.
Price is already above 10WeekMA with buy signals on Daily and Weekly.
Only cons :
- 2 gaps below current pattern. We aren’t keeping anything long. :)
-Monthly options only, no weeklies. Plan accordingly.
Entry Options
Looking at 1/17 Expiry. Put Credit Spread. 110/115 strikes. POP 66%. Risk $345. Reward $155.
Not the best risk/reward. But I like the pattern and EMA Cross/10Week price cross on Weekly - this is money in the bank 9 out 10 times.
Stop loss at $112.50
Must exit before expiry. Hold maybe a week. Exit at 50% profit, gap fills, or your risk tolerance.
Spread Comparison
Debit Spread vs Credit Spread –Bullish Call Debit Spread everything the same would have risk $365, reward $135. This is the reason credit spreads beat debit spreads almost always. You risk less and make more with higher POP (probability of profit).
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SMH Bearish, SPXS Bullish
Continues to be best bet into next week $WMWas best bet this past week and continues to look great going forward target is almost him
WM shares are being accumulated getting ready for a breakoutIf WM breaks above 113 it will start a march higher towards 119
WM vs. 200SMA Whatever you do
don't let your waste go under 200 d moving average
It conjures slowdown border recession under there.
Down trend of WM.The down trend of WM is confirmed. It is experiencing a secondary back bounce. Targeting shorting range around 114.
Quick trade in Waste Management. Entry level $113.37 = Target price $116.62 = Stop loss $112.21
Very short term trade as we believe the company is overvalued with such a high P/E despite the growth opportunities.
Average analysts price target $124.78 | Overweight.
P/E ratio 27.46 high valuation
Company profile
Waste Management, Inc. is engaged in provision of waste management environmental services. It operates through the following business segments: Tier 1. Tier 2 and Tier 3. The Tier 1 segment comprises exclusively of areas in the Southern United States. The Tier 2 segment comprises predominately of areas located in the Midwest and Northeast United States. The Tier 3 segment comprises all remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The company was founded on September 30, 1987 and is headquartered in Houston, TX.
WM - Cleaning Up The GarbageXLI is a sector that has recently broken out, looking within that sector, WM seems to be showing some bullish potential. The stock is trying to successfully bounce off a test of the 200-day EMA line. Any continued strength will push the price back above the 10-day EMA line. The stock is also exiting an oversold condition.
I am targeting the $115 & the $120 price levels as they are the 100% & 161.8% Fibonacci Extension levels.
WM Put SpreadI'm putting a put spread on WM since it seems to be in a downtrend even though its not strong it has hints of bearishness with divergences on RSI and OBV
Spread cost is $1.35 Exp Oct 18, 115/110
I'm trying a 3 week option instead because I'm testing it I seem to be hitting my targets sooner than later so this may become the norm if the tests work out.
$1.35 Cost/ Max profit is $1.825/$3.175 Cost as Sale
Max loss is $101 which is sold in the last week of option on monday the 14th if the option plan is a failure.
Looking for a long opportunity above 107.37 - WMUptrend strong. Looking for a long opportunity above 107.37 or on a pullback to 105.50 as long as 10 SMA stays above 20 SMA.
$WM Waste Management turns trash into big $$$$$$$$$$Waste Management has attracted attention recently but it may not be time for an investment in the name. Recent news regarding the acquisition of a competitor has made it more desirable but we will wait on the sidelines for a pullback that is due. Indicators have turned negative which can not be ignored.
WM - amazing round numberWM - Industry sector
i planned to enter over 95 but somehow missed it
right now it is touching the upper bolinger strip
RSI – is currently high
however, it is in front of a very round number, significant and psychological therefore, a correction is expected ….and when that will happen, I will follow it for an entry probably only above that amazing round number - 100.
all times high …no recommendation ..
your insights will be welcomed.
