Waste Management stock is currently attempting to break the upper line of the pink trend channel. We expect it to do so within the framework of the turquoise wave 3, which should provide an important upward momentum that should also take the wave above the resistance at $175.98. As for the rest of the turquoise 5-wave move, the price should hold above this level and only complete the structure and thus the gray wave III at around $192. This bullish outlook is only hindered by the 27% chance of a break below the support at $149.71.
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