After a rise in user growth, TWTR has seen a strong jump in it's stock. After a triple bottom at ~$14; we could be entering wave C of a larger wave B.
Once the price breaks the EMA and the trend line which has suppressed the price since December, we could easily see a strong move towards $30; with a stop loss under the low of $14.
With a risk/reward ratio of over 5.5, this seems like a strong mid-term trade; and if the OBV falling wedge breaks up we'd have momentum to see high 20s at least.
Happy trading!
Once the price breaks the EMA and the trend line which has suppressed the price since December, we could easily see a strong move towards $30; with a stop loss under the low of $14.
With a risk/reward ratio of over 5.5, this seems like a strong mid-term trade; and if the OBV falling wedge breaks up we'd have momentum to see high 20s at least.
Happy trading!
Nota
Enough signals for a confident re-entry to ride wave 3; after a reasonable pullback from the 1st wave.
Operación cerrada: objetivo alcanzado
Target hit. Trade closed...see how the market reacts to the gap in price.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.