after hitting and consolidating around the first target level for a few days, the CWTR long popped on strong volume today and is roughly half-way to the previously posted T2 (2nd and final target). however, based on my outlook for the broad market plus the fact that CWTR has a lot of supply (resistance) to the left of the chart due to the aug ’11 to june ’12 trading range, i am revising the final target to current levels (.96) and would consider booking full profits. this gives the CWTR long a 37% profit from the entry posted less than 3 weeks ago and i believe these funds can be better deployed elsewhere. CWTR will now be removed from the Active Trades category.
