TWTR could be forming Cup and Handle pattern, which will result in break above 56 resistance level and Gap Fill to 62-64 level. With the new paid subscription service, investors will definitely be interested to capitalize on it. Watching.
Trade active:
Didn't quite get to 62, so we could start closing position or fix 75% of position and leave the rest to go to 64 level.
Trade closed: target reached:
I see a 68 level as a major resistance, so I suggest we close the position. However, the whole tech sector is showing strength, wouldn't be surprised if TWTR goes to 70-72 levels. The choice is yours, but I'll play it conservatively and fix the profit.
