The Rounding Bottom is just one piece of the puzzle. See the full technical breakdown.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Bullish continuation if preceding move was up.
Sideways movement between parallel supports.
Reversal pattern. Price likely to break downwards.
Market participants tracking Waste Management should note the latest formation. Currently at $236.6, the asset is showing downward momentum (-1.17%). Algorithmically, a Bullish Flag structure has completed. This setup is supported by strong volume turnover. A potential breakout level is identified at $247.15, targeting $285.09 with support near $232.8 (R:R 2.64).
What is your outlook on WM?