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:Note
Going in our favor so far:Note
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:Note
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.
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.
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.