TWTR - Ripe for Rebound TWTR plunged 25% from it's peak after earnings 3 days ago and looks to have found support at 38.93 last Friday. Incidentally this there is a trendline support at this level plus a bullish divergence was developing between price and RSI.
Long today as it breaks the opening or high of the previous candle @ 41.15 with initial stop just below yesterday's low @ 38.90. Trail stops up as if the trade works out. Looking to scale out partial between 46-47 (50-62% fib retracement up of the recent plunge from A to B).
Warning! Presidential election underway and market could remain volatile over the next few days! Trade TA at your own risk :)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
