Validated confluences 1.Trendline validated 2.Previous Resistance broken (breach of opposing zone) 3.Price action hit support zone 4.Trading with the trend 5.Pin bar being the last candle
Validated confluences 1.Inside Bar formed in Strong support zone 2.No fresh strong resistance until 17200 3.Price action hit support zone 4.Minor obstruction above 16600
Validated confluences 1.Downtrend trading with the trend 2.Support broken resistance validated 3.Trendline still validated as price action has not breached 4.Opposing level breached by short sellers 5.Continuance of Bearish sentiment
Validated confluences 1.Trendline broken 2.Support broken resistance validated 3.Doji star in resistance zone 4.Trend Trading monthly, weekly, daily bearish sentiment 5.Profit margin 1:3
Validated confluences 1.Trendline broken 2.Support broken resistance validated 3.Doji star in resistance zone 4.Trend Trading monthly, weekly, daily bearish sentiment 5.Profit margin 1:3
Validated confluences 1.Trendline broken 2.Support broken resistance validated 3.Strong drop from 2750.17 4.Trend Trading 5.Profit margin 1:3
Validated confluences 1.Trendline broken 2.Support broken resistance validated 3.Strong drop above the 17700 4.Trend Trading
Validated confluences 1.Trendline broken (Trend trading) 2.Previous Resistance broken (breach of opposing zone) 3.Profit margin 1:4
Validated confluences 1.Support zone active since 7th of October showing strength 2.Weekly trend has been broken from this area 3.Profit margin 1:3 4.No resistance until 1.8000 5.Support zone engulfed/breached opposing resistance zone
$TWTR - breaking through long term resistance level of $19.80 on strong volume. ER later this month.
All-time daily chart showing a clearly negative trend since the IPO. TWTR still has plenty of work ahead if it wants to change the momentum. Note the converging trend lines - and that TWTR has never sustained a bullish crossover of its 50 and 200 d sma
I believe the much awaited move is now underway
after 30% increase, it seems that it would be a small healthy correction before rising up. and also the saying: "sell in may and go away". It is worth seeing the post: charts.stocktwits.com
Price rebounded again on a support level. Now waiting for possible SHS structure. If price stops in the next resistance level, price could be drop till the neckline and then, if it breaks, till the next psico support level(1,000)
Should be time for a corrective wave sooner rather than later
The bullish setup I sent to my Elite Zone members before earnings scored and TWTR jumped and closed above its 50 days MA line. The next target zone is 17$. My question to you - Will it reach there? Is it a dead cat bounce of a the start of a new trend? Anyway, booked profits by now so I'm good...
Techniquement parlant, la cassure de l'oblique de résistance offre un fort potentiel d'appréciation de l'action. Des données fondamentales telles que la publication des résultats devront soutenir ce signal technique afin qu'il y ait un alignement entre le technique et le fondamental.
TWTR is testing a weekly support zone that held as support since Feb 2016. The stock price is about to re-test the top of a broken channel (now should act as support). Pay attention to 14$ towards earnings.