A bull trap on the 16th

NYSE:TWTR   Twitter Inc
150 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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out