Cabezadeltoro
Long

Cup with Handle Breakout on TWTR Weekly Chart

NYSE:TWTR   TWITTER INC
47 0 1
Recommending a new long on TWTR             (Twitter) based upon a cup with handle pattern possibly breaking out to the upside. To confirm TWTR             also has a rising 20 and 50 period EMA. Both the 20 and 50 have also just crossed the 200 day EMA to the upside.
  • Recommended entry: 51.70 (Buy Stop Limit) with bounds
    Recommended Stop: 45.10 (Sell Stop Market) below last support valley of 3/9/15
    Profit Target: 1.5 to 2 x Risk or greater (traders choice)

This is a momentum trade so do not enter early or jump the gun. We need to see a breakout "thrust" above last weeks high to confim entry. In other words buy high and sell higher. It either has the momentum or it doesn't.

As far as fundamentals I really don't do that much research on fundamentals. I apologize. I am strictly a technical trader and believe that all fundamental information is already reflected in the price of the stock . Please feel free to add fundamental info to this post if needed. Thank You.

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