@TWTR is not ready to break imho. needs to cool down at least to to 43.xx to be able moving up. Well Friday's move gives some hope, but trend is still unstable - can move sub-median until it hits 48. Needs to cross median confidently to confirm breakout. Will see how it develops on Mon. GL all )
If you are familiar with bear channels then the B wave is your ticket. Gotta love ABC's with bear channels clearly defined. Typically a downside break of the bear channel (B wave) in tandem with the indexes is a short sell trigger with a tight stop. Ought to be fun to watch and see if this one follows that script just like WFC did at the bottom of my page....
As you can see overall within the uptrend channel this issue is currently in the middle of the road here. For those who buy support? we are not near it. Major support is the trend channel support, minor support is the smaller sideways line. For those who short bear channel breakdowns? Its all about an downside break of the bear channel with a tight stop.
Twitter Inc (NYSE:TWTR) is consolidating in a bull flag pattern. This should lead to upside. The target is $44.80. Twitter ripped big time after reporting earnings last week. It has since pulled back, hitting the gap window at the lows today. This has solid potential. Note the Twitter Inc chart... Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
Not only numbers is attractive but also the chart. When both agree on company's future outlook, hard to resist to stay sideline and wait correction to happen in order to enter your long waited trade. In most cases, we are right about FB and so far all trades were profitable by simply using a few signals. Very strong level to watch now is $78.56 area where some...
Twitter is testing a very important double support line (based on Fib retracement from all time high, and based on 3 month retracement). If it breaks through the $40 it is likely to drop down to $36.80.
Technically it's having some trouble breaking out above the cloud but it should happen this week. Then the cloud should become support for this stock. RSX shows it's a little overbought indicating it may consolidate a little more. General consensus on this stock seems to show some concern - however there isn't much expectation either. I am expecting Twitter to...
1-month bottom, a nice rally, a gap up with volume, if the market goes well, twtr should test short term tg at 47
It's not exactly breaking-news that Twitter tumbled shortly after it's IPO. Today's close brings the stock a smidgen below its near-IPO low of 38.80 , just before the euphoria of.... absolutely nothing set in and shot the stock to an all time nominal high of 74.73 proving to be nothing more than some kick-ass fuel for fire. TWTR closed the day just below the...
Most of the information is on the chart. Recent news driving the stock up: 1. Twitter integration into Xbox One therefore you could tweet straight from your xbox console and see what others are tweeting about without using your phone nor take your attention away from the television. 2. NEW YORK (TheStreet) -- Twitter (TWTR_) rose Thursday after the social...
This is a 4 hour chart of the QQQ and it shows both the bullish and bearish side of the argument. I have a bias to the bear side due to bearish divergence on the weekly chart and also the head and shoulder pattern. However, the bullish argument is that we have an inverse head and shoulder pattern ( green) opposing the Bears, and also the fact that we are still in...
Many erroneously believe that market targets cannot be known until a stock has been trading for a specified period of time. As our clients are well aware, we identify the relevant targets very early in the trading cycle, sometimes even before the first 15 min of trading on the date of the IPO. How is this possible? Contrary to what many are taught , the ...