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Second for the week! Let’s review a few more names:
CBIZ, Inc. (NYSE: CBIZ)
CBZ is currently back into the dark blue support trendline and the 2019 prior ATH at 28.33. As of today's session, it's trying to find major timeframe support at the 26.96 half-yearly imbalance fill.
If CBZ breaks below the support trendline and the 26.96 level, it could retest the 1996 prior ATH back at 20.88 next.
However, if CBZ holds the trend and the 26.96 level, it could try and push back into the 35 major timeframe support-turned resistance.
IonQ, Inc. (NYSE: IONQ)
IONQ has been trying to break above the 2024 prior ATH of 48.56 for more than a year. The one attempt that broke through found resistance near the 1.618 Fib extension at 84.73 before retracing back below 48.56.
Recently, IONQ retested the 30.48 Fib level and validated the blue support trendline, while it continues to consolidate in the red descending channel. As of yesterday’s close, it also formed a monthly imbalance at 41.90-44.66.
This monthly level is now of interest into next month. Should IONQ fill this imbalance and break above 44.66, it likely retests the prior ATH at 48.56.
Otherwise, if IONQ rejects off 41.90, it could come back into 35.90 next week.
If IONQ breaks below the 30.48 Fib level, it could see a retest of channel support, failing which it could push back as far as the half-yearly imbalance sitting at 13-18 alongside the long-term green support trendline.
In short, indecisive until 48.56 is broken or blue support is lost.
Waste Management, Inc. (NYSE: WM)
WM is currently trading in the green ascending channel.
It broke out of the 2 resistance trendlines sitting at prior ATHs, although it has yet to form a new one above the Jun'25 prior ATH of 242.58.
If WM forms a new ATH next week, it can commence price discovery into the next Fib level sitting at 297.76.
Otherwise, if WM pulls back to start the week, it could come back into the 2024 prior ATH sitting at 230.39.
If WM breaks down below the ascending channel, then it likely pushes into the 194.11 yearly imbalance, with a possible retest of the 188.99 Fib level sitting just below it.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$CBIZ Inc(CBZ)$ $IONQ Inc.(IONQ)$ $Waste Management(WM)$ $Apple(AAPL)$ $Microsoft(MSFT)$
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