May. 24 at 11:28 PM
🚨
$RSG 1W Chart Update 🚨
Republic Services is showing resilience, holding firm above the
$200 level despite broader market choppiness. The weekly chart shows a very steady, constructive uptrend. Crucially, institutional accumulation remains high, with major stakeholders—including Cascade Investment—actively adding to their positions. This is a classic "defensive growth" play with a wide competitive moat. 📊🚛
🐂 Bulls to confirm: We need a sustained close above the
$220 level on strong volume to trigger the next leg higher. Clearing this resistance targets a retest of the
$240+ range.
🐻 Bears to confirm: A breakdown below the
$195 support shelf. Losing that base would increase the risk of a deeper pullback toward the
$185 zone.
Discipline in pricing and cost management is paying off.
#hovdid
$RSG #SwingTrading #WasteManagement #TechnicalAnalysis
