#TWTR bouncing off March 20 trendline
Updated
No denying that the trendline that twitter has bounced from after its recent results is a very important level. This has been uptrend support since the stock bottomed at the onset of the Pandemic in March 2020. Tomorrow will be day 3 after the results announcement and if we can see the stock hold above this all important trendline by the end of 4th May session, it sets up quite a an interesting long trade with a stop as a closure below this trendline.
Note
Stock closed and failed at trendline support so closed this one at a small stop. Will be watching for a reclaim of support - until then not interesting in buying this one
"If you do what you love, you'll never work a day in your life" - Marc Anthony
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.