Sorry to say I made my new entry way to early on TWST
. Sometimes you do mistakes, but I'm still in this trade because I think we will have a strong bounce. I think that the news in yesterdays post market really changed the direction of that symetrical triangle that was forming. To me, these conditions looks like they are really oversold (also clear if you look at the daily timeframe
). Have a look at the highligthed bear volume
that's decreasing today. No significant bull volume
yet before close but if overall market conditions get better soon I think we might bounce with some significant bull volume
. What do you guys think? Thoughts are appreciated!