JimMakos
Long

Two concealed Profit Targets at Twitter stock chart

BATS:TWTR   Twitter Inc
274 0 2
http://goo.gl/vhpWcL

As Twitter stock price is moving up into uncharted territory, these are two likely profit targets to trade out; $66 and $73.50.

Why these?

I have used the 1-hour chart of Twitter stock, in order to:

1. Measure the range of last week’s pullback; and
2. Draw the 161.8% Fibonacci Extension level.

Do you use Fibonacci extensions in your technical analysis? Everyone is talking about the Twitter bubble; is it a bubble after all?
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