Twitter closed the week with a strong trending move on Friday after the slump on Thursday. Twitter has formed a trading channel and I suspect now that the results are out it would pretty much be trading in that channel at least for the time being.
Twitter is Bullish above $57 and Bearish below $46. Swing traders can look at some reversal patterns forming around 57 level where one can look to short. Similarly look for reversal pattern to go long around the 46 levels.
As usual, the market will decide it’s course of action. All we need to do is follow what it does.
Following are the Trading levels for WS 10th Feb
Buy above 57.20 Tgt 1 – 64.50, Tgt 2 – 74.50, Tgt 3 – 81.70
Sell below 57.20 Tgt 1 – 47.20, Tgt 2 – 40, Tgt 3 – 30
Very Important – DO NOT TRADE WITHOUT STOP LOSS. Use sound Money Management with your Trading Plan and do not over leverage vis-a-vis your trading equity.
Have a Profitable Trading week ahead!
To your Boring Success!!!