morokko65: Your use of my incremental selling was valid for WM, imho. It is now in short term downtrend, with 30/60 min stochastics oversold and could get a bounce Monday to near 34 and then fail, come back down and possibly reach 27 again, as you have already noted. If/when it gets there, one must re-evaluate the technicals to see if it can go that low. BTW, there is some support at 31. But since daily stochastic is 32% and declining and since the d is much higher and just now coming down, it does look likely that it has 27 in it's sights...
Now for A. A had a nice rounded bottom from which it has rallied sharply, but has much resistance at 80 if it can get there, which would take a lot more volume and probably a strong market to do so. Gap at 88 does not look like it will fill anytime soon. Weekly charts show the downtrend is intact, though on dailies it could rally a little more to 60 or so (resistance shown on daily charts), and then weeklies could resume it's downtrend. I don't see any gap at 74. I see a small gap at 40. I personally wouldn't be afraid to take 1/4 or 1/3 profits on it near 60 intraday if I owned it from 41. I am not afraid to sell some of my shares a little too low, as I can sell more if it goes higher. If you like the company longer term, then you can hold a larger percentage of it...
Above is not a recommendation to buy or sell WM or A, but just some TA opinions. Always do your own research before investing/trading. |
