From yesterday:
"Those pattern morphs can be deadly, as we've seen when SLW broke down below a pattern morph at 44.44 on April 11."
Here's the updated chart since the April 11 Rising Wedge pattern morph breakdown.
Including the Rising Wedge, SLW has had four pattern breakdowns (red arrows) and still has two downside targets IN PLAY. Whether they will get MADE, or not, remains to be seen. The stock currently is trying to rally back to the 36.72-36.80 gap. This rally off the 32.43 low looks to be a Bear Flag/Rising Wedge at the moment.
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