The daily chart for the stock price of Waste MGMT Inc. (WM) is a bullish one. We can see an uptrend on the daily chart going back to at least the summer of 2015. WM Daily Chart(click to enlarge)Historic High:- It should be noted that WM is at its historic highs as it closed the 7/17 session at 74.50. - This 74.50 area is a critical resistance area for the current consolidation since March. Price Structure:- The noted consolidation since March held price mostly above 72.- But there was a dip to almost 70. - It looks like an inverted head and shoulders pattern, but is at the top of an uptrend, not bottom of a downtrend.- In this scenario, the inverted head and shoulder is actually a bullish continuation structure. - It reflects the dynamic of a bearish correction that failed to continue, suggesting that bulls are ready to continue the prevailing uptrend.