When the Price of (WSO) Talks, People Listen
January 05, 2024, 18:28 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WSO
- Buy WSO slightly over 405.69 target 430.72 stop loss @ 404.52 Details
The technical summary data tells us to buy WSO near 405.69 with an upside target of 430.72. This data also tells us to set a stop loss @ 404.52 to protect against excessive loss in case the stock begins to move against the trade. 405.69 is the first level of support below 406 , and by rule, any test of support is a buy signal. In this case, support 405.69 is being tested, a buy signal would exist.
- Short WSO slightly under 430.72, target 405.69, stop loss @ 431.96 Details
The technical summary data is suggesting a short of WSO as it gets near 430.72 with a downside target of 405.69. We should have a stop loss in place at 431.96though. 430.72 is the first level of resistance above 406, and by rule, any test of resistance is a short signal. In this case, if resistance 430.72 is being tested, a short signal would exist.
Swing Trading Plans for WSO
- Buy WSO slightly over 412.49, target 424.2, Stop Loss @ 411.3 Details
If 412.49 begins to break higher, the technical summary data tells us to buy WSO just slightly over 412.49, with an upside target of 424.2. The data also tells us to set a stop loss @ 411.3 in case the stock turns against the trade. 412.49 is the first level of resistance above 406, and by rule, any break above resistance is a buy signal. In this case, 412.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WSO slightly near 412.49, target 405.69, Stop Loss @ 413.68. Details
The technical summary data is suggesting a short of WSO if it tests 412.49 with a downside target of 405.69. We should have a stop loss in place at 413.68 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 412.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for WSO
- Buy WSO slightly over 412.49, target 412.73, Stop Loss @ 411.53 Details
If 412.49 begins to break higher, the technical summary data tells us to buy WSO just slightly over 412.49, with an upside target of 412.73. The data also tells us to set a stop loss @ 411.53 in case the stock turns against the trade. 412.49 is the first level of resistance above 406, and by rule, any break above resistance is a buy signal. In this case, 412.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WSO slightly near 412.49, target 405.69, Stop Loss @ 413.45. Details
The technical summary data is suggesting a short of WSO if it tests 412.49 with a downside target of 405.69. We should have a stop loss in place at 413.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 412.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Watsco Inc. (WSO) available here: WSO.
WSO Ratings for January 05:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Strong |
P1 |
0 |
0 |
380.73 |
P2 |
405.44 |
412.49 |
405.69 |
P3 |
412.73 |
424.2 |
430.72 |
AI Generated Signals for WSO
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Watsco Inc. (NYSE: WSO) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for WSO can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WSO: