pool adsWATSCO $WSO Technical Update
The WATSCO (NYSE: WSO) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for WSO, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Weak | Neutral |
| P1 | 169.04 | 160.23 | 166.49 |
| P2 | 171.00 | 171.13 | 181.62 |
| P3 | 172.90 | 181.32 | 196.30 |
Support and Resistance Plot Chart for WSO
Long Term Trading Plans for WSO
August 20, 2018, 7:30 pm ET
The Technical Summary and Trading Plans for WSO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this WSO Report.
WSO - (Long) Support Plan
Buy over 166.49 target 181.62 stop loss @ 166.23.
The technical summary data tells us to buy WSO near 166.49 with an upside target of 181.62. This data also tells us to set a stop loss @ 166.23 to protect against excessive loss in case the stock begins to move against the trade. 166.49 is the first level of support below 173.49 , and by rule, any test of support is a buy signal. In this case, support 166.49 would be being tested, so a buy signal would exist.
WSO - (Short) Resistance Plan
Short under 181.62 target 166.49 stop loss @ 181.88.
The technical summary data is suggesting a short of WSO as it gets near 181.62 with a downside target of 166.49. We should have a stop loss in place at 181.88 though. 181.62 is the first level of resistance above 173.49, and by rule, any test of resistance is a short signal. In this case, if resistance 181.62 is being tested, so a short signal would exist.
