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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
Cup and Handle Rising WedgeI own this in my IRA and just placed a stop due to the rising wedge that is forming. I like to keep the securities in my IRA long term so as a rule I do not place stops unless I see I am possibly in trouble. Rising wedges can be bearish if the bottom trendline is broken. They occur due to lack of healthy pull backs and interrupt supply and demand. The trendlines both slope up and converge at the apex. This is a long term pattern, but a terminal pattern after bottom trendline is broken. Cup and handle targets are calculated using the cup high (125.56) minus the cup low (109.11) then taking this number, applying fib levels, and adding it to the cup break out of 125.89. I usually add 10 cents or so to the cup high to assure price gets above the resistance of the cup high. On this security, the reason the long entry level is 125.89, is due to the prior cup that never reached long entry level. So it is really break out level for the 1st cup, but obviously there is resistance at that level. WM fell quite a ways from the first rising wedge (RW) and I am hoping it does not fall as far if the trendline is broken. I use the .382, .618 and .786 fib levels to calculate targets 1. Everyone does this differently. Not a recommendation. Long after fall from rising wedge is complete and security has recovered. The handle low may provide support. Mid cup can also provide support. Take the cup high and subtract the cup low, then divide by 2. (o: Tradeview has this one as a strong buy, so maybe I am seeing things (o: Sometimes we see things that are not there, and sometimes we see what we want to see. But I did not want to see that rising wedge (o: I think it will be a great buy, just not sure about now is all.
NYSE:WM
by lauralea