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How to Take Advantage of moves in (WSO)

Longer Term Trading Plans for WSO
  • Buy WSO near 465.34 target 500.17 stop loss @ 464 Details
  • The technical summary data tells us to buy WSO near 465.34 with an upside target of 500.17. This data also tells us to set a stop loss @ 464 to protect against excessive loss in case the stock begins to move against the trade. 465.34 is the first level of support below 474.445 , and by rule, any test of support is a buy signal. In this case, support 465.34 would be being tested, so a buy signal would exist.

  • Short WSO slightly under 500.17, target 465.34, stop loss @ 501.61 Details
  • The technical summary data is suggesting a short of WSO as it gets near 500.17 with a downside target of 465.34. We should have a stop loss in place at 501.61though. 500.17 is the first level of resistance above 474.445, and by rule, any test of resistance is a short signal. In this case, if resistance 500.17 is being tested, so a short signal would exist.

Swing Trading Plans for WSO
  • Buy WSO slightly over 480.67, target 500.17, Stop Loss @ 479.28 Details
  • If 480.67 begins to break higher, the technical summary data tells us to buy WSO just slightly over 480.67, with an upside target of 500.17. The data also tells us to set a stop loss @ 479.28 in case the stock turns against the trade. 480.67 is the first level of resistance above 474.445, and by rule, any break above resistance is a buy signal. In this case, 480.67, 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 480.67, target 465.34, Stop Loss @ 482.06. Details
  • The technical summary data is suggesting a short of WSO if it tests 480.67 with a downside target of 465.34. We should have a stop loss in place at 482.06 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, 480.67, 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 474.56, target 480.67, Stop Loss @ 473.45 Details
  • If 474.56 begins to break higher, the technical summary data tells us to buy WSO just slightly over 474.56, with an upside target of 480.67. The data also tells us to set a stop loss @ 473.45 in case the stock turns against the trade. 474.56 is the first level of resistance above 474.445, and by rule, any break above resistance is a buy signal. In this case, 474.56, 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 474.56, target 465.34, Stop Loss @ 475.67. Details
  • The technical summary data is suggesting a short of WSO if it tests 474.56 with a downside target of 465.34. We should have a stop loss in place at 475.67 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, 474.56, 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 October 30:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 465.34
P2 474.56 461.7 500.17
P3 483.6 480.67 533.89
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AI Generated Signals for WSO

WSO Long Term Analysis for October 30 2024

Blue = Current Price
Red= Resistance
Green = Support

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This Watsco Inc. (NYSE: WSO) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for WSO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if WSO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for WSO too.  All of these are offered below the Summary Table.