You have to use ATR stops to time entries in momo stocks. TWTR is still on a 5 minute ATR stop buy, but options expiration could take it back down to 55.
Hello Traders,
Twitter has been the hot topic for the past few weeks. On Bloomberg TV, there was not a day without mentioning this IPO at least 10 times. Finally NYSE gave birth to that child, which is now over two weeks old.
It's time to peek into the chart and see if it says something interesting for us, the traders.
Plotting the DIG Pivot Break and the DIG...
Fairly clear H&S, lower volume and lower high on right shoulder. 11/25 daily closed below all time low for confirmation, measured move down will take us below $34
