Some time ago I made an analysis on TWT and the fact that it was outperforming the general market by quite a margin. The pennant pattern that I discussed in my last analysis has finally been broken. First target of $1.5 has been hit as well.
For now, I think that the fact that TWT is performing while the rest is down will most likely lead to more investors noticing TWT and investing in it. This will carry TWT to my second target of $2.
After reaching $2, I think we will likely see some more profit taking. So be cautious around that area. In case of a bearish move, I'm looking at the area between $1.5 and $1.25 for a potential re-entry.
Till then, enjoy the ride.
For now, I think that the fact that TWT is performing while the rest is down will most likely lead to more investors noticing TWT and investing in it. This will carry TWT to my second target of $2.
After reaching $2, I think we will likely see some more profit taking. So be cautious around that area. In case of a bearish move, I'm looking at the area between $1.5 and $1.25 for a potential re-entry.
Till then, enjoy the ride.
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