Twitter (TWTR) Weekly Trading Levels for WS 10th March

Twitter has been under pressure the whole of last week as indicated in my previous post. Twitter has formed a classic Bearish Descending triangle pattern on the daily chart. Friday’s move could be a sign of things to come this week.

On the downside we can look at $50 where some sort of buying support can come in. On the upside a break above the Triangle can take to level of $59.50.

Overall tone for the week ahead looks to be Bearish.

As usual, the market will decide it’s course of action. All we need to do is follow what it does.

Twitter WS 10th March

Following are the Trading levels for WS 10th March.

Buy above 54.20 Tgt 1 – 55.45, Tgt 2 – 57.35, Tgt 3 – 58.60

Sell below 54.20 Tgt 1 – 52.25, Tgt 2 – 51, Tgt 3 – 49

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!!!

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