Waste Management - NYSE: WMThroughout most of history, the amount of waste generated by humans was insignificant due to low levels of population density and exploitation of natural resources. Common waste produced during pre-modern times was mainly ashes and human biodegradable waste, and these were released back into the ground locally, with minimum environmental impact. Tools made out of wood or metal were generally reused or passed down through the generations.
1WM trade ideas
Waste Management NYSE:WMThroughout most of history, the amount of waste generated by humans was insignificant due to low levels of population density and exploitation of natural resources. Common waste produced during pre-modern times was mainly ashes and human biodegradable waste, and these were released back into the ground locally, with minimum environmental impact. Tools made out of wood or metal were generally reused or passed down through the generations.
Waste Managemente NYSE: WMThroughout most of history, the amount of waste generated by humans was insignificant due to low levels of population density and exploitation of natural resources. Common waste produced during pre-modern times was mainly ashes and human biodegradable waste, and these were released back into the ground locally, with minimum environmental impact. Tools made out of wood or metal were generally reused or passed down through the generations.
Waste Management NYSE: WMThroughout most of history, the amount of waste generated by humans was insignificant due to low levels of population density and exploitation of natural resources. Common waste produced during pre-modern times was mainly ashes and human biodegradable waste, and these were released back into the ground locally, with minimum environmental impact. Tools made out of wood or metal were generally reused or passed down through the generations.
The good the bad the Ugly....Trades for 6.23.23Maybe I am in patient, and even though this looks ugly I am going to post this.... I will post the individual charts for each stock. At the time I added the new stocks to this. EBAY was still being a turd and Bili was scared of its shadow. So if you take those out then we have TCOM and Love not done coming down when I got in....so Maybe give it till 11:30-12:30 EST on 6.23 for some of these. WM being a beast still from my previous trade. AWK started out semi strong then got weak as I was writing this.
Now on to what I do see....*sigh* In the market all travel has been setting up behind Airlines to pop the ribbon. The Ribbon is the ESVO, which is basically the physical representation of the river used for supply and demand. Not only travel, but Natural Disaster stocks are priming. If you have been following my trades. GNRC, AIG, WM, AWK these are all natural disaster stocks. Look at URI also a good one, HD also a beast, LOW.....duh. all popping the ribbon and finding support. Some of these on lower time frames are not there yet. But I like torturing myself.
Note to Bili and EBay I will cut you, like a Latin Kings Girlfriend in a club because you stepped on my shoes while I was waiting by the bar...... Just saying.
I will give these too monday if they arent acting right drop em.
iCantw84it
6.23.23
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: 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.
WM - Broken Failing Trend Channel- WM has broken the falling trend channel in the medium long term and reacted strongly up.
- The price has broken the resistance at 164 of a rectangle pattern, which signals a further rise.
- The stock has support at 155 and resistance at 170.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
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.
WM MAR10 150/FFEB17 145 DIAGONAL PUTBear Rally:
I've had WM on my watch list since it made a new swing low Friday, January 20th. The stock is also trading below a falling 50-day SMA. As I had this on my watch list, I was thinking this would be a low base set up, but evolved to a small bear rally with lower or equal volume running up to the 20 day or previous support/resistance at 154.35. The candle stick on the 30th could have been used as the reversal candle for the bear rally. I had to wait to get in because earnings were due out the 31st. With it gapping down and traded below the swing low, I decided to get into my strategy today.
Diagonal Spread Strategy:
Since about mid August, WM has had a bearish outlook and based on this trend, it's probably that this will continue a slow grind lower. I drew a couple lines from the August 22' high on the hour chart and identified a channel I wanted to play. Plan A would be hitting my target of 145 by the 17th or being below it by the 17th. I was thinking of picking up the 17 March 150 stikes, but I didn't like the spreads. March 10th should be more than enough time to get to 145. Actually, I prefer my 145 strike to expire worthless and manage my 150 strike until the 10th.
Position management strategies when the stock goes lower
If this goes below my 145 target before the 17th and stays below it by the 17th, I'll close the entire combo out.
Position management strategies when the stock goes sideways
If this goes sideways, I'll let my 145 strike expire worthless and hang on to my 150 strike until the 10th. Either way, I'm set up for max loss risking less than 2% of my portfolio.
Position management strategies when the stock goes higher
If this goes higher, I'm set up for max loss so I'll move on to my next trade.
Position management strategy at expiration
Come expiration, if this is at or below my 145 target, I'll close out the entire combo. If not I'll hang on to my 150 strike, and once it hits my 145 target, I'll close it out even if it gets there before the March 10th expiration.
WM... Diamonds in the dump ??Waste Management, Inc. (WM) shows several interesting formations in the $146-4148 region
(This is a stock in transition after recent disappointing earnings and a counter market trend since Dec. 2022)
First there is the pending Gartley harmonic pattern.
This is complimented by 2 ABCD patterns which help confirm my above area of interest.
I have clearly marked my preferred reversal area.
Not ready yet as a positive momentum to confirm a basing process.
I will update as needed.
DYODD and pay attention to broad market trends and direction.
S
WM: What is it doing here?This is just a short note, but I was surprised to see WM near these levels. Other consumer defensive stocks have lately been reasonably strong, and through 2022 WM was one of the most resilient stocks.
The fact that it is still around these levels is sort of concerning. The market is busy going up. This is supposed to be a quality name, but instead it has sort of faded down into lower zones. Perhaps a break lower is eminent?
I like WM's core business over the long term - it is very consistent - but I would be reluctant to get in here without further clarity.
Looks like a Struggle.Great stock.
Price has remained above the .236 of the trend up since the covid low which a very few stocks have managed to do.
Even being above the .382 at this point is an accomplishment and WM is well above the .382.
Looks like BAT but the final leg could go lower.
Diving Doji with a very long tail went support hunting today and found the 1.113.
Sometimes Diving Dojis (long legged doji with a tail that is not in proportion with the wick) can point to support, but sometimes they can be ominous but can take a few weeks to iron out.
Price dipped below the .236 of the trend up today briefly.
Some would say that securities above the .236 are a bit lofty for this market. Others would argue this means these securities are just super strong stocks and will not see lowers lows like the rest of the market does in a bearish environment.
I think they will see lower prices but that is me. Any buyer can become a seller and there are a butt-load of buyers in WM.
Valuation is not always the end all of everything.
Greed is often the deciding sin that can even take a whole country down, much less a market.)o:
No recommendation except hold tight and watch.
Don't be a hero.
EPS (FWD)
5.72
PE (FWD)
27.69
Div Rate (FWD)
$2.60
Yield (FWD)
1.64%
Short Interest
0.94%
Market Cap
$64.95B
WM - SWING TRADE IDEAWASTE MANAGEMENT (WM)
The King of Trash
It is the industrial leader in waste management environmental services to residential, commercial, industrial, and municipal customers in North America.
Besides that, it owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
Why you should some interest
1) WM is recession-proof .
Why?
Are you going to let the trash pile up because the economy is in recession?
NO
2) It is the industry leader in trash services.
They have a market share of 30% and 47% in collection and landfill respectively.
While its main competitor clocks off at 24% and 17%, respectively.
They also produce electricity with the trash through methane exploitation.
Net Income is rising year-over-year.
Technical analysis
It has been traded on ATH in August this year....
Is now trading Sideways.
Big hammer on Weekly chart.
On Daily:
Bullish Engulfing Candle
High Volume
Can go both ways.
See chart.
You could go LONG or SHORT immediately but also on the rebound.
Stop loss at ENTER prices.
WM: Waste flushing down!Waste Management, Inc
Short Term - We look to Sell a break of 166.30 (stop at 170.08)
Trading within a Bearish Channel formation. The bearish engulfing candle on the 4 hour chart is negative for sentiment. A break of 166.30 is needed to confirm follow through negative momentum. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Our profit targets will be 157.41 and 154.40
Resistance: 170.00 / 174.00 / 180.00
Support: 157.50 / 140.00 / 124.00
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.
Is Trash Cash? Rectangle//Earnings 7-27 BMOEarnings 7-27 BMO
Wide Rectangle. Neutral pattern until a trend line is broken.
Trash may be cash if not overvalued and I guess it could be considered a defensive play. How can you overvalue trash pick up? I guess you could as anything is possible, but it remains to be seen.
No recommendation
EPS (FWD)
5.58
PE (FWD)
27.74
Div Rate (FWD)
$2.60
Yield (FWD)
1.58%
Short Interest
0.82%
Market Cap
$64.33B
WATCH $WM DON'T LET IT GO TO WASTEBearish/Bullish
Fundamental
- High inflationary Macro environment / still no fear sentiment
- Funds Distribution
- Normal PE
- Negative PEG
- Decent P/FCF
- High debt
- Niche Sector / Industry / Leader
Technical
- - Momentum Theory Indicator - bearish divergence
- Price action formation ( double tops )
- Broke down Trend line and did a retest / seems rejected
- Rejected with POC
- Rejected with 0.5 fibo level
- Below 200MA
- Good ST level
Entry idea
Attractive R:R
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
"Don't be afraid of being different. Be afraid of being the same as everyone else"
Cheers and happy trading!