I believe Twitter has a strong possibility of completing the inverse head and shoulders pattern. It has made a strong move upward over the last 5 sessions and is most likely due for a rest or pull back. I believe this pull-back will form
the right shoulder completing the pattern. My feeling is that if this pattern does not complete it will be because Twitter does not pull back enough to form the right shoulder, but instead just keeps pushing higher.
My opinion is that Twitter is still undervalued at these prices and will eventually move to new all-time highs.
I should also disclose that I believe strongly enough in Twitter's potential that I have entered a long position in Twitter with both shares and options.
the right shoulder completing the pattern. My feeling is that if this pattern does not complete it will be because Twitter does not pull back enough to form the right shoulder, but instead just keeps pushing higher.
My opinion is that Twitter is still undervalued at these prices and will eventually move to new all-time highs.
I should also disclose that I believe strongly enough in Twitter's potential that I have entered a long position in Twitter with both shares and options.