Madrid
Short

A bull trap on the 16th

NYSE:TWTR   TWITTER INC
148 0 0
Yesterday we had what it looked like a rally, and it happened to be just a fake head that hit the upper resistance channel level to drop today so far 2.71%. The support ascending channel was broken on the 13th, and what we have seen so far was a false rally. During these days we have seen just peaks that look like those we often see on penny stocks, they inflate the price and at a certain point they sell when people are hooked on hope and start to buy.
People who bought up to these levels are people who believed the "rumor" which was spread by third parties. And since we're close to ER people bet on it based on hope.
Key Fibonacci levels to watch: 51.08, 50.51, 49.81
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