TWTR Showing Signs of Strength Long

Twitter, Inc.NYSE

Description

⋅ Dec 11, 2018 5:58 PM

Backdrop
Coming out of a cup-and-handle formation on the daily chart
Currently sitting on SMA 200 support (34.03/share)
Has held up very well in the correction
Technicals looking strong

Strategy
Build position above 34
TARGET 36/38/42
STOP 34/32/30
R/R 1.35-1.50

Comment

⋅ Dec 12, 2018 3:06 PM

Stock reaching first target today. I would increase trade size and stop loss on a close above 36.

Trend Analysis Cup And Handle