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.

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!!!

Twitter (TWTR) Weekly trading levels for WS 3rd March

Since the last 8 Trading sessions, TWTR looks like forming a Descending Triangle. An ideal Descending Triangle trade happens when the Big move out of the triangle takes place at the 60 – 75% length of the Triangle. As seen in the chart this stage looks like now.

A down move out of the triangle can take to levels of $50. On the upside, resistance is seen at $60 which happens to be the 50 DMA.

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.

Following are the Trading levels for WS 3rd March.

Buy above 55.30 Tgt 1 – 56.60, Tgt 2 – 58.20, Tgt 3 – 59.40

Sell below 55.30 Tgt 1 – 53.70, Tgt 2 – 52.50, Tgt 3 – 50.80

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!!!

Twitter (TWTR) Weekly Trading levels for WS 18th Feb

Twitter seems to have formed a Bullish Harami pattern on the weekly charts. It had broken out of the Trading channel last week. My sense is that for Twitter to be Bullish it has to convincingly close above the 50 DMA which is around $60. A strong close above it can lead to levels of $67.

Profit booking or any downside can take it back to the upper channel line at around the $54-$55 levels.

So overall, the tone for this week is mildly Bullish with good possibility of profit booking.

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 18th Feb

Buy above 56.30 Tgt 1 – 60.20, Tgt 2 – 62.90, Tgt 3 – 66.80

Sell below 56.30 Tgt 1 – 53.50, Tgt 2 – 49.60, Tgt 3 – 46.90

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!!!

Twitter (TWTR) Weekly Trading levels for WS 10th Feb

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!!!