Noticed a trend with TWTR recently, It hates head and shoulders patterns. The 3 examples (last one being my prediction) show that with every Head and Shoulders formation Twitter always seems to have a price correction. Usually Head and shoulders is a good bull sign for a stock to move up in price but it isn't the case with Twitter, in fact its quite the opposite. Example 2 points out the big fall in price for twitter and guess what it was a H&S pattern. Yes the pattern on that one looked somewhat irregular from a traditional Head and Shoulders pattern but it still had all the features of one nonetheless. The 3 examples I have displayed are in a short term span of 1 year of 2018 but I urge you to look at the 5 year chart and look at the Head and Shoulders that have formed in the past 5 years. There are 3 H&S that have formed in the year 13'-15' but pay attention to the last one on the year of 2015. Its price action looks similar to the recent H&S pattern of this year of 2018 which has finished and will confirm another downturn for TWTR. Notice how the 3rd H&S took a few months for its downturn to start happening. It might be the case for this one of 2018 also. I expect to see TWTR go back and test its support at $29 and see if it stabilizes. If not I think Twitter will have exhausted its support from there and look towards a sub 20 price point again of $15.
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Tech sector took a jab on Friday not going to look good for the upcoming week. TWTR is probably going to follow up with some losses by next week also.
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Was right about sell off. PRESS PLAY BUTTON. Left shoulder is starting to form for Twitter. This is really bad. $30 price target on its way. Sell offs usually are for 2-3 trading days, so with that being said tomorrow will be another dip on tech stocks.
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I mean't Right Shoulder from last update. sorry for the confusion.
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Right shoulder clear as day,100% down turn now. This is what you call a "dead cat bounce" or a "bull trap". The bounce back today doesn't add up investors beware. Twitter stock still in my guidelines so I'm not worried about my calls being wrong.
Trade active:
TWITTER RIGHT SHOULDER FORMED LOOK FOR $30 NOW!
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Monday looking ugly for Twitter I'll be going for quick action/profit at open. $30 target for next week and maybe $29 if it gets uglier.