Twitter IncLong
TWTR Potential Reversal
7/29 gap at 38.92 is closed, so watch for a potential reversal. MACD looks like it's ready to reverse, but due to the volatility in this stock there's a number of things you should watch for.
Rejection at 41.80, would take it back down to ~38.90, so I would watch for a careful break through this level on decent volume.
44.16 Seems like the likely target for rejection. My call is it hits this point then bounces off of 41.80 before resuming it's uptrend.
46.38 seems like an unlikely target to break on it's first attempt, but if it does you can expect it to make a run for it's 4 week high at 55.99
Rejection at 41.80, would take it back down to ~38.90, so I would watch for a careful break through this level on decent volume.
44.16 Seems like the likely target for rejection. My call is it hits this point then bounces off of 41.80 before resuming it's uptrend.
46.38 seems like an unlikely target to break on it's first attempt, but if it does you can expect it to make a run for it's 4 week high at 55.99
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