Twitter IncLong
TWTR- Tentative Long?
I don' really know how to evaluate the fundamentals of TWTR so this analysis is mostly about the chart..
Support seems to be strong from 35-37. I think the upside risk-reward is much better here, but probably need sell stops below 34ish. Gap left open at ~42, and the top of the parallel trend-line is ~50.
History is on the side of the Rising RSI & Bullish MACD cross-over as indicated by the arrows & trend-lines.
Right now I'm patient, but am interested to see where it goes.
Support seems to be strong from 35-37. I think the upside risk-reward is much better here, but probably need sell stops below 34ish. Gap left open at ~42, and the top of the parallel trend-line is ~50.
History is on the side of the Rising RSI & Bullish MACD cross-over as indicated by the arrows & trend-lines.
Right now I'm patient, but am interested to see where it goes.
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