CFD Trading – Buy Waste Management (WM.NYS) @ $117.10. Stop @ $113.90 and Target @ $125.00.

Waste Management Stock Code WM.NYS

Outlook
Price broke above the cloud last Friday, which could signal the end of a price correction and the start of the uptrend for the previous high at $125 again. Conversion line and Base line had a bullish crossover earlier and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud at the moment, confirming the bullish price trend.  MACD has turned bullish. Both lines of the MACD indicators are moving higher, hinting of a bullish price trend ahead. Price could be heading towards the previous high at $125 within the next 2-3 weeks.

Strategy                  
$117.10              Buy
$125.00            Price Target
$113.90             Risk Management Stop
3 weeks             Trade Duration

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