Upside Reversal is near, WM below Intrinsic Value
WM is trading since mid 2022 in a bullish channel with clear reversals on the outer edges.
The bottom is near and it's likely that the end of year rally could take WM back to old highs.
Buy zone around $150-$135 TP around $170.
If we break the $135 even more losses are possible back to $110 area
Looking at the fundamentals, the intrinsic value for WM is around $170.
So I think it is a good opportunity
The bottom is near and it's likely that the end of year rally could take WM back to old highs.
Buy zone around $150-$135 TP around $170.
If we break the $135 even more losses are possible back to $110 area
Looking at the fundamentals, the intrinsic value for WM is around $170.
So I think it is a good opportunity
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