TWTR plunged 25% from it's peak after earnings 3 days ago and looks to have found support at 38.93 last Friday. Incidentally this there is a trendline support at this level plus a bullish divergence was developing between price and RSI.
Long today as it breaks the opening or high of the previous candle @ 41.15 with initial stop just below yesterday's low @ 38.90. Trail stops up as if the trade works out. Looking to scale out partial between 46-47 (50-62% fib retracement up of the recent plunge from A to B).
Warning! Presidential election underway and market could remain volatile over the next few days! Trade TA at your own risk :)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Long today as it breaks the opening or high of the previous candle @ 41.15 with initial stop just below yesterday's low @ 38.90. Trail stops up as if the trade works out. Looking to scale out partial between 46-47 (50-62% fib retracement up of the recent plunge from A to B).
Warning! Presidential election underway and market could remain volatile over the next few days! Trade TA at your own risk :)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
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