No denying that the trendline that twitter has bounced from after its recent results is a very important level. This has been uptrend support since the stock bottomed at the onset of the Pandemic in March 2020. Tomorrow will be day 3 after the results announcement and if we can see the stock hold above this all important trendline by the end of 4th May session, it sets up quite a an interesting long trade with a stop as a closure below this trendline.
Comment:
Stock closed and failed at trendline support so closed this one at a small stop. Will be watching for a reclaim of support - until then not interesting in buying this one
"If you do what you love, you'll never work a day in your life" - Marc Anthony