TWTR 18JAN21 1D Time Frame
Price action is currently at the bottom area of channel primed for a move up. MACD is shows bearish signal but with stochastics at over sold level and RSI at 27 (oversold) level, there is a good chance that price could reverse any time soon. In addition to this, price action is currently at my buy zone which is at 61.8% Fibonacci level.
With 67 high and 50 median price target still with in the range of my technical analysis. Low price target at 51.54 which is around the channel median and 38.2% fib, high target 55.82 which is around channel high and 61.8% fib. Tight stop loss just be just below buy zone.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Price action is currently at the bottom area of channel primed for a move up. MACD is shows bearish signal but with stochastics at over sold level and RSI at 27 (oversold) level, there is a good chance that price could reverse any time soon. In addition to this, price action is currently at my buy zone which is at 61.8% Fibonacci level.
With 67 high and 50 median price target still with in the range of my technical analysis. Low price target at 51.54 which is around the channel median and 38.2% fib, high target 55.82 which is around channel high and 61.8% fib. Tight stop loss just be just below buy zone.
Disclaimer
I am not a registered investment advisor and do not offer investment advice and recommendation. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for, information and entrainment purposes only. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.