When the Price of (WLK) Talks, People Listen

January 12, 2024, 15:48 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WLK

• Buy WLK slightly over 132.43 target 141.6 stop loss @ 132.05 Details

The technical summary data tells us to buy WLK near 132.43 with an upside target of 141.6. This data also tells us to set a stop loss @ 132.05 to protect against excessive loss in case the stock begins to move against the trade. 132.43 is the first level of support below 134.62 , and by rule, any test of support is a buy signal. In this case, support 132.43 is being tested, a buy signal would exist.

• Short WLK slightly under 141.6, target 132.43, stop loss @ 142.01 Details

The technical summary data is suggesting a short of WLK as it gets near 141.6 with a downside target of 132.43. We should have a stop loss in place at 142.01though. 141.6 is the first level of resistance above 134.62, and by rule, any test of resistance is a short signal. In this case, if resistance 141.6 is being tested, a short signal would exist.

Swing Trading Plans for WLK

• Buy WLK slightly over 135.05, target 141.6, Stop Loss @ 134.66 Details

If 135.05 begins to break higher, the technical summary data tells us to buy WLK just slightly over 135.05, with an upside target of 141.6. The data also tells us to set a stop loss @ 134.66 in case the stock turns against the trade. 135.05 is the first level of resistance above 134.62, and by rule, any break above resistance is a buy signal. In this case, 135.05, 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 WLK slightly near 135.05, target 132.92, Stop Loss @ 135.44. Details

The technical summary data is suggesting a short of WLK if it tests 135.05 with a downside target of 132.92. We should have a stop loss in place at 135.44 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, 135.05, 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 WLK

• Buy WLK slightly over 135.05, target 141.6, Stop Loss @ 134.73 Details

If 135.05 begins to break higher, the technical summary data tells us to buy WLK just slightly over 135.05, with an upside target of 141.6. The data also tells us to set a stop loss @ 134.73 in case the stock turns against the trade. 135.05 is the first level of resistance above 134.62, and by rule, any break above resistance is a buy signal. In this case, 135.05, 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 WLK slightly near 135.05, target 134.26, Stop Loss @ 135.37. Details

The technical summary data is suggesting a short of WLK if it tests 135.05 with a downside target of 134.26. We should have a stop loss in place at 135.37 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, 135.05, 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 Westlake Corporation (WLK) available here: WLK.

WLK Ratings for January 12:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	122.58
P2	132.63	132.92	132.43
P3	134.26	135.05	141.6

AI Generated Signals for WLK

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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 Westlake Corporation (NYSE: WLK) 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 WLK 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.