All that aside, my stop isn't even on the screen anymore when looking at the 5-minute. I am considering tightening the stop to either the 18.45-18.50 range or the 18.85-18.90 range depending on how we close today. I want to keep the stop conservative for now because I am confident in the momentum of TWTR over the short term. If we break the 19.66 line that has been resistance in the past, that will be the next trigger of a stop tightening for me.
This idea and analysis is part of a trading challenge in which I am only using the 50 to indicate trades.