SLW – Silver Wheaton (Last:25.50)

During Wednesday’s tutorial session, we discovered a possible buying opportunity in this stock without having looked for it.  I’d suggested using the 25.04 midpoint support shown to get long with a tight stop-loss. However, because the low of yesterday’s nasty plunge only came down to 25.15 before the stock rallied out of the hole, it never triggered the screen alert I’d set. Under the circumstances, I’ll recommend picking a ‘camo’ entry spot on the 3-minute chart. The best potential opportunity I can discern would follow a b-c pullback from between two peaks that lie, respectively, at 25.54 (12:15 p.m. EDT) and 25.57 (11:30 a.m.). _______  UPDATE (11:37 a.m. EDT):  Today’s surreal rally was over on the first bar, an untradable gap-up opening to 26.84. We did nothing. You can learn how to do this stuff yourself, and it’s not that hard!   Click here if you’re ready to look at charts — and managing the risk of a trade — in a radical new way.