As a follow up to yesterday's comment. TWTR's action today confirms what I surmised. The stock traded above Monday's high and stayed above last week's low. I believe my original recommendation last week to go long has been correct and that we are into a new up leg. Price action will tell us how long and successful such a leg proves to be.
This is not a bearish reversal! It would have to trade below the low made last week after the earnings release. This is just normal backing and filling after three stong days following the drop. Go long all pullbacks.
I agree that it has been bullish recently, I was just trying to cover both sides of the EMA 50 as far as possible entries. I'm using only the EMA50 as an indicator for this trading challenge which is where I derive my analysis of a bounce off resistance. I don't feel strongly either way on TWTR at this point, but I appreciate the input! I'm always trying to learn and improve.