Morning Trend | Watsco in a tug-of-war between bulls and bears, short-term opportunities emerging after main force fluctuations?
Watsco (WSO.US) has recently exhibited a textbook case of market stalemate, with major orders clashing against short positions, resulting in intense competition between bulls and bears amid repeated fluctuations within a range. The market shows solid support at lower levels, with the main force repeatedly testing the waters, and the community discussion area is filled with strong anticipation for a new round of movements from the HVAC leader. After several days of low volume at high levels, buying energy is accumulating, and once the main force ignites a movement, a short-term rally is expected to break out first. Currently, WSO's price remains in the range of $390-$400. If today's trading volume expands and effectively holds above the 10-day moving average, it is highly likely to push the market to new highs. The most discussed topic among community traders is whether they can keep up with the upward momentum when the main force sweeps orders. The FOMO atmosphere is gathering, and some rational funds plan to quickly intervene during movements and achieve quick in-and-out trades, not giving the main force a chance to reverse the market. It is important to be cautious that if the market fails to increase volume or the overall market weakens rapidly, WSO faces the risk of retracing to lower support levels or even dropping below $380. In terms of operations, it is recommended to closely monitor intraday movement signals, take light positions for short-term testing, and increase positions if there is a valid breakout with volume. Key focus should be on the inflow of major orders and the breakout of critical price points during intraday trading. Overall, after the tug-of-war between bulls and bears, a movement in WSO is imminent, and short-term opportunities are approaching; flexible follow-up is the key to success
Watsco (WSO.US) has recently exhibited a textbook case of market stalemate, with major orders and short positions engaging in a fierce battle amid repeated fluctuations within a range. The market shows solid support at lower levels, with the main players repeatedly testing the waters, and the community discussion area is filled with a strong atmosphere of anticipation for a new round of movements from the HVAC leader. After several days of low volume at high levels, buying energy is accumulating, and once the main players ignite a movement, a short-term rally is expected to break out first.
Currently, WSO's price remains in the range of $390-$400. If today's trading volume can expand and effectively stabilize above the 10-day moving average, it is highly likely to push the market to new highs. The most discussed topic among community traders is whether they can keep up with the upward momentum when the main players sweep orders. The FOMO atmosphere is gathering, and some rational funds plan to quickly intervene during movements and execute quick in-and-out trades, not giving the main players a chance to reverse the market.
It is important to be cautious; if the market fails to increase volume or the overall market weakens rapidly, there is a risk that WSO may test lower support levels or even fall below $380. In terms of operations, it is recommended to closely monitor intraday movement signals, take light positions for short-term testing, and increase positions if there is a valid breakout with volume. Key focus should be on the inflow of major orders and the breakout of critical price points during intraday trading. Overall, after the tug-of-war between bulls and bears, a movement in WSO is imminent, and short-term opportunities are approaching; flexible follow-up is the key to success
