RSG Short

Jun 30

Republic Services, Inc. (RSG) has formed a topping candle on the daily chart, indicating a potential mean reversion trade for a correction lower. The setup involves entering at the low of the day (LOD) with a stop loss at the high of the day (HOD), targeting the anchored VWAP from earnings around $188.23. This trade hinges on the idea that a new all-time high (ATH) signals an invalid setup. The recent 4-day candlestick pattern with gaps adds uncertainty, making it a speculative but potentially profitable trade if the correction materializes.