We analyze the shares of NYSE:TWTR on the basis of trend lines and the emerging head and shoulders.
The current chart shows that the share price of the largest social network is occupied by the formation of the «head and shoulders» pattern, which confirmed (will take place when prices break down the $26 mark), will lead to a serious drop in shares up to $16.5. On the way to the full formation of this pattern, you can conduct several successful trades (put notifications on the current levels, so as not to miss the price movement, or a pending order). Below are the current trading recommendations:
Fall scenario: 1.When prices cross down the level of $33.5, you should open a short position up to $31.5 2.When prices cross down the level of $31, you should open a short position up to $27.6 3.When prices cross down the level of $26, you should open a short position up to $16.5
The growth scenario (possible when we see fixing prices above $38; before this, possible continuation the formation of the pattern «head and shoulders»): 1. Above $38 rise to $42.
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First target reached! Congratulate all followers! "1.When prices cross down the level of $33.5, you should open a short position up to $31.5"