IvanLabrie
Long

TWTR: Potential exploding pattern spotted

NYSE:TWTR   Twitter Inc
Twitter has a very interesting chart pattern here.
We have evidence of large positions being accumulated, and of possible shakeouts taking place in this zone.
Currently, price sits above the volume mode, as you can see in the profile graph to the right, and has seen great climactic volume action in a downbar yesterday, while today went straight up from the mode.

I entered a long position today, before the close, and I'll be looking to add to it if it evolves positively.
Stop loss can be quite tight, look to buy tomorrow, and use a stop 1-3 ATR below.
Good luck if taking this trade.

Cheers,

Ivan Labrie

P.S.: feel free to contact me if interested in obtaining trading signals or tutoring. See my profile for details.
Trade active: Closed half at 19.23 and moved stop higher.
Trade closed: stop reached: Stopped for $0 on the remaining position. Stand aside.
Comment: (Was a wise idea to exit at break even...sadly we didn't flip short)
Text Book!
+1 Reply
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