Nov. 14 at 3:00 AM
$WM is currently trading at
$204.51, below both the 30-day moving average (MA30) of
$209.81 and the 50-day moving average (MA50) of
$213.09, indicating a bearish market context. The RSI at 36.18 suggests that the stock is approaching oversold conditions, which could lead to a potential reversal. However, it remains below the neutral level of 50, reinforcing the bearish sentiment.
Given the recent high of
$231.4 and low of
$194.11, the stock is currently closer to the 60D low, which may provide a support level. A suggested entry point could be around
$202, with a stop loss set at
$198 to limit potential losses.
Targets can be set at
$210, aligning with the MA30, and a secondary target at
$215, near the MA50. This plan allows for a risk-reward ratio that could capitalize on a possible upward movement while managing risk effectively.
https://privateprofiteers.com
