Twitter bounce near 200MA on wkly. Trade set-up w/ Chart Notes.

NYSE:TWTR   Twitter Inc
Twitter bounced near 200 MA on weekly support. $TWTR

With the recent pressure on related equities I am watching $TWTR $GOOGL $FB and a few others very closely at open on Monday.

Here's the 4 hour chart post from Friday I alerted (200MA on 4 hour as intra-day resistance) - it did back off near that resistance intra-day.

Here's a Friday news (Real Money) take on the issues facing Twitter and others:

I love trading wash-out snap-backs because the returns can be fast and hard if you have the technical set-ups the pros use.


For the complete technical analysis / trading plan on this set-up, click here:

For those reasons, and of course the chart setup forming my trading plan I will go in to this week extremely bullish unless price action and or media / news tell me to back off.

For more detail on the time cycle peaks for your trade, price targets, and support and resistance points relating to your personal trading plan contact me with any questions you have.

Best and peace!

PS Remember to trade price - if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.

Monday I will be live broadcasting this trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL's, video, charting set-ups and alerts.

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I Trade Fear
Creator of EPIC v3 Oil Trading Algorithm
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