SLW – Silver Wheaton (Last:19.42)

Now let’s see what kind of follow-through SLW’s biggest one-day rally in recent memory can generate. The pullback from Thursday’s peak has been nasty, to put it mildly.  However, this should have shaken off enough bulls to lighten the load for the next leg up. If so, any thrust that triggers an entry signal at 19.58 should reach the 20.07 p midpoint at a minimum. The stock was 2 cents short of the trigger at the closing bell, but the trade is still viable in theory. _______ UPDATE (October 12, 8:46 p.m. EDT): The pattern shown, with a small adjustment for a point C low at 19.04,  would have gotten traders aboard at 19.52. It also would have allowed a partial profit at p=20.01.  If you did the trade please let me know in the chat room and I’ll establish tracking guidance. For now, a break-even stop is advised,