After stopping a mere 3 cents shy of the first target back on Sept 10th, WLT has now hit & exceeded T1 (HOD so far 16.18) for a 46% gain. Consider booking partial or full profits and/or raising stops, depending on your trading plan. 27.60 remains the final target although a reaction off the T1 level is likely. The next buy signal will be on a solid break above the 16.20 area, preferable after a consolidation first in order to work of the overbought conditions.
Note: one additional price target has been added at 20.15 which is now T2. As the longer-term technical picture for WLT is still constructive and the stock will offer another objective entry or add-on with a solid break above the 16.20 level, WLT will be remain both an Active Long Trade and an Long-term Trade while also being re-assigned as a trade setup for both of those categories. Again, my preference is to see a pullback and/or consolidation first to help alleviate the overbought conditions, allowing for a more sustained rally towards the next profit target. The final target remains at 27.60. Updated 4-hour and daily chart below.