The price just broke an support and we have a downtrend too. The RSI14 is in downtrend. I think that the trand will touch the white line and after it may come up.
Entry price: 4.14$
I think that Twitter will rise from 20$/share to 23$/share for the next reason:
· We have a clearly uptrend
· the price just broke up the 1 ( 20.81 ) level in trend-based fib extensions
· RSI 14 is in uptrend
Entry in the market at 20.45 $/share, or at a better price, buying
Put your SL at 18.90 $/ share( we'll move upper if necessary )
Put your TP at 23.35...
I personaly think that the stock will keep rising till 8.7$/share because:
·RSI14 broke the resistence
·the GAP signal a continuation of the trend, in this case uptrend.
· the price just broke level 1 in Trend-Based FIB Extension.
Entry Price: 7.70
I think that CWEI will rise to 60 or less if the stock come back to 40,00 $.
I think so due to the fact that
·the price just broke 1 ( 0.28 )Trend-Based Fib Extension
· also it broke the down trendline
· it just had an pullback in the pitchfork you could see in the picture
· also an uptrend just started