Twitter Inc
Long
Updated

$TWTR Multi-year Trend Line Breakout?

156
Having a go at posting TWTR again as it looks like a solid long despite market weakness. Tried posting on TWTR back at $38 but apparently that was deleted by TradingView. Sometimes patience pays off and it seems like we have another entry to a possible multi-year trend line breakout.

TWTR has strong trend line support since March & has acted rather well when compared to sector & sub-sector. Previous attempt at breakout above $44 and top band of trend line was rejected but support is holding. Looking for a breakout above $40.50 to make a move to $41.50 or lower band of upper two trend lines.

TWTR
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QQQ vs TWTR -Since September 3rd-
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QQQ/TWTR -Since September 4th (Day after the first day -September 3rd- drawdown)-
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BTO TWTR 9/25 42C
BTO TWTR Nov 42C
Note
TWTR 9/25c closed at ~$1.15 today, up from $.20 at close Friday. Took profits on $42 weeklies and rolled, sticking with this long term trade.

Perhaps:
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