Madrid
Long

Inverted Head and Shoulders. Positive Momentum Divergence

NYSE:TWTR   Twitter Inc
Heading into earnings the technical analysis on TWTR says it has been bouncing above 28, where it found a support after testing 26, where an inverted Head was formed. The momentum indicators show an increasing value, making it a Positive momentum divergence, which is a bullish sign. During the market drops, even though those were severe, TWTR was resilient and the fall was not dramatic here which means there is support enough to consider a trade in the long side.
If after ER it gaps up and holds above the ribbon, then it will turn bullish . If this gaps down let the stop take care and move on. The initial Entry is taking today's dip, setting the stop at the bottom of the head and targeting at 32. Everything else that comes after 32 is a gift.
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