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When the Price of (WM) Talks, People Listen

July 09, 2024, 09:52 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WM

Buy WM slightly over 206.44 target 216.88 stop loss @ 205.84 Details

The technical summary data tells us to buy WM near 206.44 with an upside target of 216.88. This data also tells us to set a stop loss @ 205.84 to protect against excessive loss in case the stock begins to move against the trade. 206.44 is the first level of support below 209.39 , and by rule, any test of support is a buy signal. In this case, support 206.44 would be being tested, so a buy signal would exist.

Short WM slightly under 216.88, target 206.44, stop loss @ 217.51 Details

The technical summary data is suggesting a short of WM as it gets near 216.88 with a downside target of 206.44. We should have a stop loss in place at 217.51though. 216.88 is the first level of resistance above 209.39, and by rule, any test of resistance is a short signal. In this case, if resistance 216.88 is being tested, so a short signal would exist.

Swing Trading Plans for WM

Buy WM slightly over 213.33, target 216.88, Stop Loss @ 212.71 Details

If 213.33 begins to break higher, the technical summary data tells us to buy WM just slightly over 213.33, with an upside target of 216.88. The data also tells us to set a stop loss @ 212.71 in case the stock turns against the trade. 213.33 is the first level of resistance above 209.39, and by rule, any break above resistance is a buy signal. In this case, 213.33, 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 213.33, target 208.78, Stop Loss @ 213.95. Details

The technical summary data is suggesting a short of WM if it tests 213.33 with a downside target of 208.78. We should have a stop loss in place at 213.95 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, 213.33, 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 210.83, target 213.33, Stop Loss @ 210.34 Details

If 210.83 begins to break higher, the technical summary data tells us to buy WM just slightly over 210.83, with an upside target of 213.33. The data also tells us to set a stop loss @ 210.34 in case the stock turns against the trade. 210.83 is the first level of resistance above 209.39, and by rule, any break above resistance is a buy signal. In this case, 210.83, 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 210.83, target 208.78, Stop Loss @ 211.32. Details

The technical summary data is suggesting a short of WM if it tests 210.83 with a downside target of 208.78. We should have a stop loss in place at 211.32 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, 210.83, 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 July 09:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	206.44
P2	207.83	208.78	216.88
P3	210.83	213.33	227.43

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AI Generated Signals for WM

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Waste Management Inc. (NYSE: WM) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for WM can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.

Fundamental Charts for WM: