Watsco Inc. (NYSE: WSO)

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment in the United States. It distributes residential central air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipments. The company also distributes various parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies comprising thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. It serves approximately 50,000 contractors and dealers that service the replacement and new construction markets. The company also exports its products to Latin America and the Caribbean. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

Please take a look at the 1-year chart of WSO (Watsco, Inc.) below with my added notations:

For the entire year shown above, WSO has always seemed to find support or resistance on or at the increments of $5. First, notice the $65 level (blue) that was most recently support. Next, you can see the common levels of $70 (navy) and $75 (red). At the very top end you can see the $80 resistance (purple). The nice thing about WSO is that it shows you how to trade it no matter what direction the market moves.