Description
⋅ TWTR is overdue to test its previous high from July
- The bottom of the recent downtrend offers a bullish divergence pattern
+ Friday gave conformation of pattern
- Fibonacci Retracement put resistance level at $69.61
+ suggest using support level before
- TWTR looks to break trend line September 27
+ look for a bounce off support level for entry
+ 50 EMA was a previous support level
There may be a lot of selling of TWTR earlier in the day September 27, but the potential down vote the infrastructure deal may offer a new trend line.
** for details on the infrastructure bill and how it will impact tech stocks check out my idea on my recent MSFT post