Review
A stock that is currently doing surprisingly well despite the recession and investors’ fear of crisis
is that of the Texas recycling company Waste Management. WM is from the
currently rising inflation and the energy crisis and was therefore less affected even at the end of
In April, the share price reached a new all-time high. After that, the stock fell from just under $170.00 to $140.00.
fell by around 18%. After the low in mid-June, the long-term strong support at $140
and the share price has since risen again by almost 10%. The downtrend since the
However, Alltimehigh has so far remained unbroken.
Current
Yesterday, the company’s stock rose 1.14%, back up to the downtrend line. Whether
This could be seen today after the opening at 15:30. If the price reaches values of
$155.00, I think further rises are very likely, there could be a
Buying opportunity arises. Otherwise, I see the price starting at $150.00 in a decline with
short term short opportunity to the support at $140.00.
Jonas Wuttig
