TWTR Showing Signs of Strength
Backdrop
Coming out of a cup-and-handle formation on the daily chart
Currently sitting on SMA 200 support (34.03/share)
Has held up very well in the correction
Technicals looking strong
Strategy
Build position above 34
TARGET 36/38/42
STOP 34/32/30
R/R 1.35-1.50
Coming out of a cup-and-handle formation on the daily chart
Currently sitting on SMA 200 support (34.03/share)
Has held up very well in the correction
Technicals looking strong
Strategy
Build position above 34
TARGET 36/38/42
STOP 34/32/30
R/R 1.35-1.50
Note
Stock reaching first target today. I would increase trade size and stop loss on a close above 36.
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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.