either way it goes theres money both waysthese are the indications im watching, and im on it because its a top gainer with a gap to close.
WMS trade ideas
WMS , strongest stock on my list , LONGBased on WMS history , we may not see a daily wedge drop n pop setup for a while , we normally have not seem hourly even , so I decided that since this is , to me , the strongest name on my list of stocks , I will try to take advantage of this hourly entry .
The position will be DE risked like an add even though its my primary buy .
I may need to try it a few times but based in WMS chart history , I have a hunch the first time could work .
Entry 147.42
Stop 144.87
PT - 149.98 , sell half , stop up to half
... if it works , will continue to do the same on all hourly WD/WP's
WMS, Observation, A lot of consecutive green candles + volume This is a special chart, to my eyes at least .
First of all there's a ton of consecutive green up days with great volume coming in ...
We have gaps
We have minimal wicks , strong days
Earning and sales that outperformed
Intuitions are buying , at 87% of float and positive transitions .
And we have a GLB ( green line breakout ) to an all time high .
This stands out for me ... could fail but I like it so far ... One of the nicest stocks I see on a GLB list I have of 20 stocks at this time ...
All set to collapse?Looks like a double top formation. I expect this to test 80s soon and then collapse to covid lows.
Future short setupHey guys,
I think it's fair to say that WMS is fresh off of distribution, with a year of buyers overhead and a Wyckoff look with the false breakout. As history proves with this stock, it could inch higher over the subsequent few weeks, but based on market conditions, I think shorting countertrend rallies is the way to go in these markets. I would look to short WMS when it possibly gets into the 100's. Best of luck.
WMS - Short Setup Break 113.83. Stop signal 122.19, Target 85.19.For more aggressive traders one could also consider a together stop of 118.63. With tighter stops you get a much better risk reward (in this case 6+ to 1 instead of 3.5 to 1) but of course the potential for a stop out caused by market noise is higher. See Tuesday Trading Room for full breakdown on this topic.
WMS - Short Setup (short) break below 113.87. Stop above 120.56. Insider Selling throughout this year, most recently in march at 103.61 from 2 directors/10% owner.
WMS finally broke... but can it hold?I last discussed this July 1st, 2021. I mentioned how I thought this would come back and retest the $114 area.
Since then it's given multiple buying opportunities around $114 and now it has finally broken out.
Question now is, can it hold?
WMS has broken out of the resistance zone of $117.90 with relatively more volume but I still think it's not enough.
Trade idea:
* WMS may come back to retest the $117.90 area and consolidate there for a bit before moving higher.
* Look for buying opportunities around the $117.90 area.
Notes:
* In general WMS has been performing really well and is in a general up trend.
* With a payout ratio of 13.70% WMS makes sure it has more than enough capital for further growth and increase its dividends over time.
This is a GREAT long term buy and hold for your portfolio!
WMS poised for breakoutLooking at the weekly or even monthly charts you can see that the company is consistently doing really well.
Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout.
The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company.
However, I do think that WMS may come back to retest the $114 to $115.25 area before going for the breakout.
Final notes:
* Solid up trending stock
* Ready for breakout given the buying pressure
* If you want to get in early (before the breakout), look for buying opportunities around the $114 to $115.25 range
* If you want to be conservative, wait for a break and close above the all-time-high of $117.89
* Great for long term hold as it gives dividends as well.
Paper Trading and Stock Screener settingsphotos.app.goo.gl
Hi I would like to share some Stock Screener settings with you. I have had success with paper trading profitable results on the NASDAQ and NYSE. The following stock screener settings should give you immediate success paper trading a long position when picking a stock from the stock screener, with a high chance of probability. I'm not going to say it works every time, though refer to my attached picture for results.
15 minutes (bar)
COMMON STOCK
Sort by Volume*Price (descending - highest value on top)
AROON UP above 50
RSI (14) crosses down 70
SMA 200 below or equal Last
MACD LEVEL Above or Equal MACD Signal (12,26)
The most important part of the screener is that the RSI (14) is crossing down at 70. This means that initially you would think that when buying long you would want a stock with a rising RSI. Think again. I found that when choosing from the top of the list sorted by Volume*Price the selling seems to have subsided by the time the Stock Screener shows you stocks that have already declined in value, and when you simulate a BUY using a Paper Trading account the stock seems to rise. There is still a potential for the stock to decline in value if left unmonitored. Though the results are surprising and I had to share this idea with you.
Just check out the attached picture with the referenced URL in this post, the attached picture shows rising stocks in Paper Trading, and this was only after picking stocks over a period of 30 minutes.
WMS-What the trend has told us to look for at the current levelsWMS has a significant mark-up phase if it can break supply, and hold demand above the $111-$113 range.
First, let us take a look at the red-on-red filled candle (highlighted yellow) at $111.11 open from 02 March 21
When back testing the resulting move following a breakthrough of similar candle-based indications, the price action has continued into a steady uptrend. These candles do not often require a re-confirmation of demand within this trend, following a confirmed break. If reconfirmation of lack of supply is needed at alerted levels, it is often filled as a level of confirmed support.
Below are examples of moves following this candle-based strategy. These candles have indicated a nice base set up for continuation throughout the current uptrend.
A firm break of the top red-on-red candle from the prior uptrend, served as a point of no return for this uptrend.
The prior uptrend set up a similar supply zone as the current trend. Once this level was broken to the down-side, the trend moved to gap down and fill the indicated candles.
These previous set-ups give us a pair of moves that will give good indication of which way WMS will trend.
Short set-up - A rejection of the current formed supply will likely see a move down to test the unfilled red-on-red candles as support at the below price targets.
Long set-up - A break with confirmation of demand will likely trend to the above expected resistance before re-testing supply levels at the break. A true lack of supply break could see an unrestricted move to the top indicated price targets and testing down to the $118-$120 level as mid-level support.
Bearish MACD Crossover Short opportunity with a double Doji indicating the price is about to break. The MACD crossover shows an upcoming downtrend to the next support around $50.00
$WMS Reached #ChartPattern Price Targeti have alerted to the setup before the breakout on August 3rd. below is the chart from then.
$WMS forming 2 month Ascending #Triangle #ChartPattern @ ATH NYSE:WMS has been trading sideways for the last 2 months forming 2 month Ascending Triangle Chart Pattern just below ATH. The price tested $51 level multiple times in the last few weeks and looking to breakout soon.
#KeepItSimple
$WMS can rise in the next daysContextual immersion trading strategy idea.
Advanced Drainage Systems designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States and internationally.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $44,96;
stop-loss — $42,11.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
WMS LONGWMS appears to be correcting within a longer-term bullish trend. Although its MACD is presently below the signal line, shares remain 23.7% above an upwards sloping 200-day moving average. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.
ADS_DoubleTop_DailyChartLooks like a double top in ADS daily chart and already continuous two days, its made lower lows. Risk level has been defined, at 0.5 fib level, seeing a risk: reward is 1:4
