Description
⋅ 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?