Madrid

$TWTR wants to fly into the Resistance Area

Long
NYSE:TWTR   Twitter Inc
There are two defined regions here, the Resistance area in the 44's level and the support in the 30's level. The momentum is convergent with the trend which gives TWTR the possibility to make a run until it reaches the upper channel resistance area, which is around the same level as the Price resistance area. It has the momentum and the impulse it gained from ER. So a swing trade to that level is ok. Not wanting to go all the full 9 yards to test above the Resistance, which seems reasonable. After that level let's see if it still has the energy to go beyond or if it rethinks the position.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.