Long Position/ Mid-to-Long Swing Play

1 giu 2018

TWTR


WEEKLY: Company does not have enough history for weekly analysis as it went public in 2013. However, 17/43 MA had a positive crossover in 10/2017 and remains positive.

DAILY: Strong cup and handle pattern is near completion however the a typical rounding base (double-bottom) that you would expect is not present. Waiting for breakout at price @ 36.74-37. There is potential confluence between downward trend line and completion of cup and handle which is a major buy signal. 100MA is providing a strong support level.

HOURLY: Semi price channel in effect but with a lot of white space in the range. Recently broke out of sideways consolidation. Approaching resistance at 36.75.