Technical Analysis

Longer Term Trading Plans for WSO

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short WSO slightly under 326.56, target n/a, stop loss @ 327.5 Details

The technical summary data is suggesting a short of WSO as it gets near 326.56, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 327.5. 326.56 is the first level of resistance above 310.76, and by rule, any test of resistance is a short signal. In this case, if resistance 326.56 is being tested, so a short signal would exist.

Swing Trading Plans for WSO

• Buy WSO slightly over 315.82, target 326.56, Stop Loss @ 314.91 Details

If 315.82 begins to break higher, the technical summary data tells us to buy WSO just over 315.82, with an upside target of 326.56. The data also tells us to set a stop loss @ 314.91 in case the stock turns against the trade. 315.82 is the first level of resistance above 310.76, and by rule, any break above resistance is a buy signal. In this case, 315.82, 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 315.82, target 304.41, Stop Loss @ 316.73. Details

The technical summary data is suggesting a short of WSO if it tests 315.82 with a downside target of 304.41. We should have a stop loss in place at 316.73 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, 315.82, 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 313.12, target 315.82, Stop Loss @ 312.39 Details

If 313.12 begins to break higher, the technical summary data tells us to buy WSO just over 313.12, with an upside target of 315.82. The data also tells us to set a stop loss @ 312.39 in case the stock turns against the trade. 313.12 is the first level of resistance above 310.76, and by rule, any break above resistance is a buy signal. In this case, 313.12, 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 313.12, target 304.41, Stop Loss @ 313.85. Details

The technical summary data is suggesting a short of WSO if it tests 313.12 with a downside target of 304.41. We should have a stop loss in place at 313.85 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, 313.12, 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.

WSO Technical Summary | Raw Data for the Trading Plans