Many erroneously believe that market targets cannot be known until a stock has been trading for a specified period of time. As our clients are well aware, we identify the relevant targets very early in the trading cycle, sometimes even before the first 15 min of trading on the date of the IPO.
How is this possible?
Contrary to what many are taught , the financial markets are very predictable, the difficult part is knowing which way a stock will move on any given day. But the targets on each timeframe, long or short, can be identified far enough in advance to allow easy entry and exit.
The 4th target being reached on TWTR before any significant pullback is not all that unusual for any tech IPO that is hyped to the heavens by the relevant underwriters.(See our comments re FB IPO and apply that to most IPOs. www.tradingview.com/v/Ulje9bWO/).
Sometimes the pullback will be minor. sometimes major. IF you believe that the chart. fundamental analysis, tea leaves, indicators, studies, or any other criteria you employ points up for TWTR, you now have the longest term 1st target available. The same is true if you believe it should continue to correct to the short side.
As a heads up, we would be very skeptical of the long entry shown and would only consider a short term call until it proves to be backed up by buying volume. Just saying.
How is this possible?
Contrary to what many are taught , the financial markets are very predictable, the difficult part is knowing which way a stock will move on any given day. But the targets on each timeframe, long or short, can be identified far enough in advance to allow easy entry and exit.
The 4th target being reached on TWTR before any significant pullback is not all that unusual for any tech IPO that is hyped to the heavens by the relevant underwriters.(See our comments re FB IPO and apply that to most IPOs. www.tradingview.com/v/Ulje9bWO/).
Sometimes the pullback will be minor. sometimes major. IF you believe that the chart. fundamental analysis, tea leaves, indicators, studies, or any other criteria you employ points up for TWTR, you now have the longest term 1st target available. The same is true if you believe it should continue to correct to the short side.
As a heads up, we would be very skeptical of the long entry shown and would only consider a short term call until it proves to be backed up by buying volume. Just saying.
