TWTR has shown unusual strength in the recent tech selloff.
Historically $26-28 has been a major support and provided buying opportunity.
Looking to see how TWTR reacts around this level, could offer a good long opportunity.
Market dependent.... crazy fkn market too...
TWTR is testing its support at 27.21 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 31.89 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.06% where a corresponding bounce is expected.
TWTR is approaching its resistance at 36.93 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 30.35 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
The Mothaf*ckin' Game Plan for NYSE: $TWTR | #Twitter!
1) We are currently shorting 780 shares of $TWTR; take profits at the box.
2) Buy shares for the run higher; take profits at the box.
3) Not going to state the obvious!
