TWOU 2U INC pre-break out idea COVID SECOND WAVE, SCHOOLS CLOSED
Updated
TWOU possible YEARLY break-out from next week, I need some confirmation from those bullish divergence and volume , but this can BE HUGE (at least 15% increase!), earnings 28Oct +Covid 2nd wave incoming, school could be closed again. Stay tuned for trade activation. Next week crossing 20ema and 50 ema could give a bullish kick.
Warning, this is a pre-breakout, can easily fail and take the red arrow course (not likely but still a possibility).
PT1: 40$ (easy)
PT2: 45$ (achievable)
PT2: 50$ (meme stock)
From when the initial break out will start I dont expect to stop loss at any time, however it could be rejected so dont take the trade if it doesnt cleanly break 39$.
Watch out for market crashes, I cant predict them sorry.
Warning, this is a pre-breakout, can easily fail and take the red arrow course (not likely but still a possibility).
PT1: 40$ (easy)
PT2: 45$ (achievable)
PT2: 50$ (meme stock)
From when the initial break out will start I dont expect to stop loss at any time, however it could be rejected so dont take the trade if it doesnt cleanly break 39$.
Watch out for market crashes, I cant predict them sorry.
Note
Note
Stock took the second path as forecasted, red, possible reversal incomingTrade active
Breaking out, play active for the next weekTrade active
re-trying with twou. Possible bottom.
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