$TWTR Multi-year Trend Line Breakout?

NYSE:TWTR   Twitter Inc
Having a go at posting $TWTR again as it looks like a solid long despite market weakness. Tried posting on $TWTR back at $38 but apparently that was deleted by TradingView. Sometimes patience pays off and it seems like we have another entry to a possible multi-year trend line breakout.

$TWTR has strong trend line support since March & has acted rather well when compared to sector & sub-sector. Previous attempt at breakout above $44 and top band of trend line was rejected but support is holding. Looking for a breakout above $40.50 to make a move to $41.50 or lower band of upper two trend lines .


QQQ vs TWTR -Since September 3rd-

QQQ/TWTR -Since September 4th (Day after the first day -September 3rd- drawdown)-

BTO $TWTR 9/25 $42c
BTO $TWTR Nov $42c
Comment: $TWTR 9/25c closed at ~$1.15 today, up from $.20 at close Friday. Took profits on $42 weeklies and rolled, sticking with this long term trade.

Disclaimer: This account and post are not intended as trading advice and are for educational and informational purposes only.


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