, 7 tweets, 4 min read
Analysis: #NYSE: #TWTR (UPDATE)

Case 22 #Twitter Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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TWTR 1/7
Twitter has turned #bearish following yesterday's blowout of the main building base which began May 2019. Stale longs are now trapped within the gap (37.80-32.38) and slightly higher up at 39.50-41.00.

TWTR 2/7
The picture has turned highly negative - 28.60 will be the next target if #trendline support at 30.00 fails to hold.

TWTR 3/7
Chart 1
Monthly Chart: #Fibs off all time high (74.73) to low (13.72). A break/hold above Fib 0.50% failed to materialize and this has weakened bullish resolve.

TWTR 4/7
Chart 2
Weekly Chart: Trendline support from Dec 2018 has finally given way followed by a short squeeze and now just hovering above trendline #pivot support. Fibs added on the swing high commencing July 2018

TWTR 5/7
Chart 3
Daily Chart: An unfilled gap (37.80 - 32.38) has now appeared. #TL Pivot support currently being tested.

TWTR 6/7
Chart 4
Daily Chart: The strategy - printed in the image.

>>Extreme caution should be applied on the short term risky trade.<<

TWTR 7/7
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