Thursday, September 5, 2013

Thursday evening


Thursday afternoon


WLT Daily Chart (11:25 EDT)
This stock was mentioned this morning by ultraphoenix as a breakout candidate.  Looks like he nailed it.

You can see the flat top and up trending support line.  Price broke above resistance this morning and may soon complete the "W pattern" too.  That should give solid support at the vertex of the W and provide a level for a stop.  In my opinion, the position should be filled when (if) the W is completed.

Thursday morning