themarketzone
Long

Broke out of daily downtrend line - 24$ next

NYSE:TWTR   TWITTER INC
$TWTR managed to stay above the broken trend line throughout last week's volatile price action.
16$ is now a support zone which includes also the Fast SMA line (currently support).
Nearest resistance is near 19$ and it comes with the 50 days MA.
In case of a breakout above 19-20$, next target zone, will be 24$ - Downtrend line and 200 days MA.

Buy zones - 16-16.5$ (structure and MA line), 15.5$ (structure, broken trend line and 61.8 Fib level)
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Comment: Price re-testing support zone - Potential continuation move although cautious is required.
Read updated analysis here http://goo.gl/jGg8Ra
TWTR below SMA lines again but above broken downtrend line. Potential continuation towards 22$and 24$.
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