Trading (WM) With Integrated Risk Controls
June 19, 2024, 11:50 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WM
- Buy WM slightly over 200.46 target 212.05 stop loss @ 199.88 Details
The technical summary data tells us to buy WM near 200.46 with an upside target of 212.05. This data also tells us to set a stop loss @ 199.88 to protect against excessive loss in case the stock begins to move against the trade. 200.46 is the first level of support below 207.89 , and by rule, any test of support is a buy signal. In this case, support 200.46 would be being tested, so a buy signal would exist.
- Short WM slightly under 212.05, target 200.46, stop loss @ 212.66 Details
The technical summary data is suggesting a short of WM as it gets near 212.05 with a downside target of 200.46. We should have a stop loss in place at 212.66though. 212.05 is the first level of resistance above 207.89, and by rule, any test of resistance is a short signal. In this case, if resistance 212.05 is being tested, so a short signal would exist.
Swing Trading Plans for WM
- Buy WM slightly over 212.05, target 223.76, Stop Loss @ 211.44 Details
If 212.05 begins to break higher, the technical summary data tells us to buy WM just slightly over 212.05, with an upside target of 223.76. The data also tells us to set a stop loss @ 211.44 in case the stock turns against the trade. 212.05 is the first level of resistance above 207.89, and by rule, any break above resistance is a buy signal. In this case, 212.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WM slightly near 212.05, target 206.15, Stop Loss @ 212.66. Details
The technical summary data is suggesting a short of WM if it tests 212.05 with a downside target of 206.15. We should have a stop loss in place at 212.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 212.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for WM
- Buy WM slightly over 208.72, target 212.05, Stop Loss @ 208.23 Details
If 208.72 begins to break higher, the technical summary data tells us to buy WM just slightly over 208.72, with an upside target of 212.05. The data also tells us to set a stop loss @ 208.23 in case the stock turns against the trade. 208.72 is the first level of resistance above 207.89, and by rule, any break above resistance is a buy signal. In this case, 208.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WM slightly near 208.72, target 206.23, Stop Loss @ 209.21. Details
The technical summary data is suggesting a short of WM if it tests 208.72 with a downside target of 206.23. We should have a stop loss in place at 209.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 208.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Waste Management Inc. (WM) available here: WM.
WM Ratings for June 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
200.46 |
| P2 |
206.23 |
202.11 |
212.05 |
| P3 |
208.72 |
206.15 |
223.76 |
AI Generated Signals for WM
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for WM:
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