TWTR is trading very low on pre-market. The main catalyst for the drop is probably the banning of Trump. Price is now below the 14,21, and 50 emas and getting close to the trendline. MACD curled down, -DI is crossing over +DI and ADX is curling down, showing that the current trend is losing steam.
TRADING STRATEGY
Long: I am a buyer on the trendline (if it holds) with a stop loss just below it. I would be looking to sell when/if the price reacts and moves up to the 50-ema. That would be a quick 7.3% at the time of this writing. I may hold and sell when/if it gets to the 21-ema depending on what happens on the 50-ema. This would be about 12.7% at the time of this writing.
Short: You can also short and close your trade when/if price meets the trendline, or you can place a trailing stop. If you short your stop loss should be just above the 14-ema.
Safe trades!
Note: If prices start moving up on opening none of these will apply.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
TRADING STRATEGY
Long: I am a buyer on the trendline (if it holds) with a stop loss just below it. I would be looking to sell when/if the price reacts and moves up to the 50-ema. That would be a quick 7.3% at the time of this writing. I may hold and sell when/if it gets to the 21-ema depending on what happens on the 50-ema. This would be about 12.7% at the time of this writing.
Short: You can also short and close your trade when/if price meets the trendline, or you can place a trailing stop. If you short your stop loss should be just above the 14-ema.
Safe trades!
Note: If prices start moving up on opening none of these will apply.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
Trade active:
Indicators not looking good but I bought here at the trendline with a stop below the wick of the current candle. Looking to sell if it gets to the 50-ema. Might be a long shot but we will see what happens:
Comment:
Going in our favor so far:
Comment:
If it breaks current resistance the next stop is the 50-ema, at which point I will most likely close my position:
Trade closed manually:
Sold at current resistance:
Comment:
I sold my shares a bit prematurely. Good job for those who held! Price is pretty close top the 50-ema. If you bought on the trendline support you are up about 7% now.