Broke out of daily downtrend line - 24$ next
$TWTR managed to stay above the broken trend line throughout last week's volatile price action.
16$ is now a support zone which includes also the Fast SMA line (currently support).
Nearest resistance is near 19$ and it comes with the 50 days MA.
In case of a breakout above 19-20$, next target zone, will be 24$ - Downtrend line and 200 days MA.
Buy zones - 16-16.5$ (structure and MA line), 15.5$ (structure, broken trend line and 61.8 Fib level)
Read more about this setup and other trading scenarios for the week - in this week's newsletters: goo.gl/OfcpVF
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
16$ is now a support zone which includes also the Fast SMA line (currently support).
Nearest resistance is near 19$ and it comes with the 50 days MA.
In case of a breakout above 19-20$, next target zone, will be 24$ - Downtrend line and 200 days MA.
Buy zones - 16-16.5$ (structure and MA line), 15.5$ (structure, broken trend line and 61.8 Fib level)
Read more about this setup and other trading scenarios for the week - in this week's newsletters: goo.gl/OfcpVF
To subscribe to the newsletters - goo.gl/HXjCPV
Follow my blog - goo.gl/78KZsl
Subscribe to my Youtube channel - goo.gl/q8dbyT
Read updated analysis here goo.gl/jGg8Ra