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| WLT Daily Chart (10:58 EDT) |
The stock has completed the "W" pattern and the vertex of the W should now be support. It you are not in this stock you may want to start and put your stop just below the horizontal support line. The upside target is the 150 day simple moving average. (Carter Worth calls it the smoothing mechanism.) That could be more than 3 points to the upside with less than a point to the downside (the stop.)
