Twitter on its way to 30$ - Bullish harmonics and H&S pattern

a year ago
On my latest $TWTR analysis I posted two harmonic patterns towards previous earnings (see linked idea)
August declines pushed $TWTR right into the bullish Butterfly's PRZ near 20-22$ and the stock bounced sharply and rallied to 28$, closing above its Fast SMA line ( bullish signal).

During the last couple of weeks, even during last Friday's declines, Twitter showed strength as it continued to trade between 26$ and 28$, above its Fast SMA line.
The pattern marked in green circle is an Inverted H&S pattern that is very close to breaking out of the neck line.
When (and IF) it'll happen, Twitter will rally towards 30$ to meet its 50 SMA line and previous major structure zone that is now resistance.

The upside potential above 30$, should Twitter break out of it, is to reach its downtrend line (red dashed line) near 35$ per share.

In the chart you'll see two different bullish trade options - Short term (trading the breakout) and longer term (trading the head and shoulders and the harmonic pattern )

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a year ago
Comment: Reached target level
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Tomer J,
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