After the May selloff, CWEB has broken the downtrend line and started forming a series of higher lows and higher highs. Based on that and that it is against the 20EMA, I am long targeting a move to the previous higher high (Around 24.5) and if it goes past it then to the target 2 which is roughly the distance that it moves from the previous impulse up (around 27).
Trade closed: stop reached