Waste Management Stock Code WM.NYS
Outlook
Price tested the cloud but was unable to move above the cloud. In trying to move above the cloud, price made a Dark Cloud Cover candlestick price pattern as well. The bearish price trend continues. Price is below the cloud now and both Conversion and Base lines had a bearish crossover, confirming the bearish price trend. MACD is also bearish with both the indicator’s lines below the zero line. The faster line is near to the zero line and could be about to turn lower. The bearish trend could bring price lower to the next support base around $110-$111.
Strategy
$116.50 Short Sell
$110.50 Price Target
$119.10 Risk Management Stop
3 weeks Trade Duration
Bank of Montreal Stock Code BMO.NYS
Outlook
Price moved above the cloud 3 days ago and price is currently trying to close. As long as the gap is not fully closed, the uptrend should prevail. Price is currently above the cloud and both Conversion and Base lines could be about to show a bullish crossover, confirming the bullish price trend. The previous price correction also managed to stay within the cloud and did not move below the cloud. MACD is bullish with both the indicator’s lines above the zero line. Price could be heading to the higher resistance level around $77.46
Strategy
$73.50 Buy
$77.40 Price Target
$70.98 Risk Management Stop
3 weeks Trade Duration
