BBTrader29

TWTR 6 test Breakout with Head/Shoulders

Long
NYSE:TWTR   Twitter Inc
TWTR has tested the 71.5 level 5 times, with the 6th test looking to be a breakout. TWTR has also from a Inverse head and shoulders pattern making the chances of a breakout happening more likely with a 6th test in resistance. This can run as high as 76-78 due to the longer term head and shoulders pattern created, making the breakout a higher momentum type of move.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.