Twitter Back at Final Resistance Level

Twitter stock started to surge to the topside of the channel on October 25th. Where the company announced earnings significantly higher than the market estimates (Tradingview estimates shows Q3 earning at 3476.56% surprise…). Now price is testing final resistance level of the bearish trend . A pullback in the market specifically the Nasdaq could preasure a reversal.

Trade Step-ups:

Bearish Reversal: Price rejects a break higher from the trend. Look for a move to fill in the gap on October 25th. Profit levels to look for are 30.00 & 28.00 respectively.

Bullish Breakout: Price breaks current bearish trend channel, look for consolidation above 35.00.

 

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