[Twitter] Will the blue bird fly high?

#Twitter #Stocks #NYSE #Daily
- Twitter, known to be world’s biggest social network platform recently had a good issue that Elon Musk has acquired about 9.2% stake.
- If you look at the chart, about 70% bullish rally has appeared with a huge gap.
- The black long-term upward parallel channel has been re-entered from the bottom and thus this bottom will be potential support for a while.
- In Elliott Wave perspective, I think this impulsive bullish wave is B. If Twitter successfully break the blue falling channel and the orange downward trendline above, this scenario might be wrong meaning that I will be very bullish.
- Until then, I would say buying in between my first support and the blue channel and orange trendline is not the best idea.
- For those looking for a new entry to buy, it would be either breakout entry above or pullback entries at my supports at 44.60~46.60, 39.30~ 41.30, and 33.30~ 35.30.
- Resistances that I am keeping my eyes on are 55.80~57.80, 62.40~64.40, and 68.40~70.40.