Long

Twitter gaining momentum

Updated

I've been holding this trade since Tuesday (today being Thursday) but Twitter finally seems to be gaining some upside momentum. Trading within the given channel we had a number of confluences align, starting with a perfect tap on the 0.382 fib retracement level. At the same time we also had a tap of the dynamic support (50 EMA) and 3rd bounce of 4 to complete the move. Enough bullish-ness will see us closing near $44 - $45.

Trade active

Target 1 reached

Trade closed: target reached

RitchGBP

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.