We hold a round lot with a cost basis that has been reduced by partial profit-taking to 20.06.  Let’s tie it to a very generous stop-loss based on an impulse leg that exceeds 20.33 to the downside. This is shown in the accompanying chart. My current rally target — and expectation — is 22.20, a Hidden Pivot. ______ UPDATE (12:12 p.m. EDT): This morning’s gap-up opening has put SLW on track for a run-up to 23.95, the target of the pattern (240m) A=18.39 on 7/5; B=21.78 on 7/17. The fact that the low of the gap was above the pattern’s 22.25 midpoint means the move to at least 23.95 is all but certain. _______ UPDATE (July 24, 1:27 p.m. EDT):  I am now recommending a stop-loss at 22.51. At that price, assuming it is hit today, a bearish impulse leg will become manifest on the hourly chart. _______ UPDATE: Subscribers who used the stop-loss as instructed would have come away with a gain of $245.