- NYSE:TWTR (X) occurred on a Monthly Resistance Trendline being broken-out TA speaking. Well, fundamentally didn't go as well.
The recent name change wiped out a lofty 4Billon Dollars and more the size of it on Brand Value. It's a mix in between TA and Fundementals from here. Still sitting on the sidelines aiming for TP1 and more long term.
Buying shares(investing) or longing derivatives from here is quite Risky. The confirmation of Resistance Trendline Breakout alone can be enough for someone. However, entry here requires at least a Stop Loss of 10% ; and that's only the recent Higher Low from the current uptrend break-out Market Structure.
More confirmations ahead to the *D (CHoCH) awaiting how price will perform. Looking for Entry aiming at TP levels at Wave C correction from impulse(breakout uptrend) Patience is Wealth.
TRADE SAFE ! *** Note that this is not Financial Advice. Please do your own research and consult your own Financial Advisor before considering partaking on any trading activity based solely on this Idea.