Berk, I checked out WLT and think you're on to something here. Of course you already knew that and didn't need me to validate your investment decision but I couldn't resist, lol.
It's gaining momentum coming out of a nice basing pattern, we've got our 1st set of higher highs/lows, losses came in under exspections and the short position is a very nice 21%. I could go on and and on but the whole reson we spend time here is to share ideas and this is a good one.
I'm assuming you meant that it's moving to $25 on auto-pilot and should be reassessed at that PPS. I think a $25 target is excellent as a starter, so without putting the eggs before counting the cart as the next segment forms of the chart we'll have a clearer picture of risk vs. reward.
IMO the chart is telling me a better entry is right around the corner. I've been wrong so many times I've lost count. Actually, on the advice of my therapist, I just stopped counting as it became way too depressing. Seriously, I like the trade and I'll most likely join you here. Just thinking I can get in a bit lower.
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