Learn to Evaluate Watsco (WSO) using the Charts

November 27, 2022, 10:00 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WSO

• Buy WSO slightly over 256.45 target 285.45 stop loss @ 255.71 Details

The technical summary data tells us to buy WSO near 256.45 with an upside target of 285.45. This data also tells us to set a stop loss @ 255.71 to protect against excessive loss in case the stock begins to move against the trade. 256.45 is the first level of support below 278.74 , and by rule, any test of support is a buy signal. In this case, support 256.45 is being tested, a buy signal would exist.

• Short WSO slightly under 285.45, target 256.45, stop loss @ 286.27 Details

The technical summary data is suggesting a short of WSO as it gets near 285.45 with a downside target of 256.45. We should have a stop loss in place at 286.27though. 285.45 is the first level of resistance above 278.74, and by rule, any test of resistance is a short signal. In this case, if resistance 285.45 is being tested, a short signal would exist.

Swing Trading Plans for WSO

• Buy WSO slightly over 285.45, target 289.59, Stop Loss @ 284.63 Details

If 285.45 begins to break higher, the technical summary data tells us to buy WSO just slightly over 285.45, with an upside target of 289.59. The data also tells us to set a stop loss @ 284.63 in case the stock turns against the trade. 285.45 is the first level of resistance above 278.74, and by rule, any break above resistance is a buy signal. In this case, 285.45, 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 285.45, target 274.66, Stop Loss @ 286.27. Details

The technical summary data is suggesting a short of WSO if it tests 285.45 with a downside target of 274.66. We should have a stop loss in place at 286.27 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, 285.45, 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 280.73, target 285.45, Stop Loss @ 280.08 Details

If 280.73 begins to break higher, the technical summary data tells us to buy WSO just slightly over 280.73, with an upside target of 285.45. The data also tells us to set a stop loss @ 280.08 in case the stock turns against the trade. 280.73 is the first level of resistance above 278.74, and by rule, any break above resistance is a buy signal. In this case, 280.73, 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 280.73, target 274.66, Stop Loss @ 281.38. Details

The technical summary data is suggesting a short of WSO if it tests 280.73 with a downside target of 274.66. We should have a stop loss in place at 281.38 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, 280.73, 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 (WSO) available here: WSO.

WSO Ratings for November 27:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	226.67
P2	273.30	274.66	256.45
P3	280.73	289.59	285.45

AI Generated Signals for WSO

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Watsco (NYSE: WSO) report below can help you understand how to do this. The trading plans for WSO, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.