Chart Update: "... That Way, Replied The Bears" | $Twitter $NYSE
Friends,
Yesterday, we released a bearish target, TG-1 = 45.55 from a 58.42 position (See our chart analysis: "Which Way To The Bear Party?" - tradingview.com/v/rCj8VcOp/). Today, we let the bear point the way. Down.
Indeed, the stock continued to fell to new lower lows over 5 news candles, even posting a new lower low yet according to TradingView.com after-market trading activities.
Additionally, the stock received broad news coverage (see: "Twitter stock plummets more than 24%: What next for the social media company? on.wsj.com/1gQbDVx " just twitted a few minutes ago).
At this point, we remain fixated on the same target, TG-1 = 45.55, expecting a support defined yesterday in our predictive analysis and forecast,falling in line with an earlier structure (see 05 FEB comment in the chart pointing to that structure level).
OVERALL:
Directional bias remains "Neutral-to-bearish". Target remains intact and in force.
Cheers,
David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA
------------------------------------------
Twitter? Follow us: 4xForecaster
Charting through TradingView.com: 4xForecaster
------------------------------------------
Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations.
Yesterday, we released a bearish target, TG-1 = 45.55 from a 58.42 position (See our chart analysis: "Which Way To The Bear Party?" - tradingview.com/v/rCj8VcOp/). Today, we let the bear point the way. Down.
Indeed, the stock continued to fell to new lower lows over 5 news candles, even posting a new lower low yet according to TradingView.com after-market trading activities.
Additionally, the stock received broad news coverage (see: "Twitter stock plummets more than 24%: What next for the social media company? on.wsj.com/1gQbDVx " just twitted a few minutes ago).
At this point, we remain fixated on the same target, TG-1 = 45.55, expecting a support defined yesterday in our predictive analysis and forecast,falling in line with an earlier structure (see 05 FEB comment in the chart pointing to that structure level).
OVERALL:
Directional bias remains "Neutral-to-bearish". Target remains intact and in force.
Cheers,
David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA
------------------------------------------
Twitter? Follow us: 4xForecaster
Charting through TradingView.com: 4xForecaster
------------------------------------------
Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations.
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.