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WASTE MANAGEMENT INCWASTE MANAGEMENT INCWASTE MANAGEMENT INC

WASTE MANAGEMENT INC

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WMI trade ideas

Waste Management - Time for Big Short?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 overpriced at 36x considering this is not a growth company Liabilities - no problems there Technically: Although the share has enjoyed good growth since March 2020 fall, another considerable drop in 2022 has completed a lengthy and running correction of Wave 4 Since then there was an Ending Diagonal developing and only last wave C of 5 left After slightly updating the high it is possible for the price to go into long term correction with a considerable drop in the first wave The target is likely to be the range between $85-$105 which represent 0.5 and 0.382 Fibonacci retracements respectively What do you think about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
NYSE:WMShort
by vitalalyt
Earnings watch 2/2 pre-marketEarnings 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 trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:WM
by Options360
WM is one to keep an eye on!* 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 now if you can stomach a little volatility 2) You can look for a buying opportunity once it has broken and closed above $166.23 3) You can wait for a discounted entry near the $164.22 area 4) You can wait for a bounce from the $161.24 area. Any thing below $161.24 would negate this idea.
NYSE:WMLong
by HaseebKhan_90
WM showing signs to go higher* Great earnings year over year * Very strong up trend * Breaking out of a 6 week consolidation with higher than average volume ... roughly 37% higher * Broke resistance and retested it as support * Offering a pocket pivot breakout indicating that institutions are stepping in * Pays out dividends Trade Idea: * Now is the best time to get in as the price is still close to the breakout level and it's showing signs that institutions may be stepping in to buy * If you're looking for a slight discount you can look for an entry near the 156.60 area * A break below 156.60 would expose 154.26 as the next possible support. Note: * Given it's growth over the years and the fact that it pays out dividends, WM is also a great long term hold for your investment portfolio.
NYSE:WMLong
by HaseebKhan_90