PWE still remains one of the more attractive longer-term long-side trades/investments at this point. However, the stock continues to drift lower and is still flirting with that weekly support level around the 10.00. As previously posted, my suggested stop for longer-term traders remains on a close below 9.88 and as this stop is based on the weekly charts, my preference is to see a weekly close (end of day on a Friday), which is when the weekly candlesticks are printed. Of course, that’s a general suggestion as well as my personal plan but everyone needs to use a stop that’s inline with their own trading style, average cost, etc.. Updated weekly chart:
