SLW – Silver Wheaton (Last:25.61)

Silver Wheaton (SLW) price chart with targetsThe stock has taken off without quite reaching my “ideal” pullback level.  Regardless, the chart shows a distinctive external peak that can be used to get long via camouflage.  This implies waiting for an entry signal following a pullback from just above 25.82.  I’d suggest using a “timed buy-stop” (as detailed in the webinar) to get aboard, since the second stage of the rally (aka ‘c-d’) is likely to unfold quickly following a breakout above 25.82.  Note:  We hold the June 40-42 call spread at no cost, going back months.