$WSO, Bearish BoxOn the daily chart there is a box right below the EMA 21 and 50.
A Breakdown would create a bearish crossover while a breakout of the higher side would see a continuation of the uptrend.
Key stats
About Watsco, Inc.
Sector
Industry
CEO
Albert H. Nahmad
Website
Headquarters
Miami
Founded
1956
ISIN
BRW1SOBDR000
FIGI
BBG00XV42KR8
Watsco, Inc. engages in the distribution of air conditioning, heating and refrigeration equipment, and related parts and supplies. Its products include residential central air conditioners, gas, electric & oil furnaces, commercial air conditioning and heating equipment, and other specialized equipment and parts, including replacement compressors, evaporator coils, motors and other component parts and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. The company was founded by William Wagner in 1956 and is headquartered in Miami, FL.
WSO Watsco - Currently Entering Short Setup This is a classic short setup. Nice risk/reward here with stop loss being essential.
WSO Long, 14.6% profit after triangle breakoutIf the price breaks the upper side of the triangle with good volume we can expect the price to rise up to 185 $ with some minor pullbacks on the main resistance levels. The last bounce on the triangle corresponds with a bounce on the 50 line for the RSI. The MACD is still bullish above 0 and the MAC
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