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

NYSE:TWTR   TWITTER INC
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 )


This analysis is part of the Weekly Markets Analysis newsletters
To read more interesting technical reviews - http://goo.gl/l0lbwD

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a year ago
Comment: Reached target level
Weekly Analysis - https://goo.gl/5NALBy

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
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Kiss of Life setup, posted on the Weekly Markets Analysis this week leads to 5% rally
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