11/16 TWTR Potential Long Setup

17 nov 2016

It's Wildcard Wednesday and TWTR is showing a potential turn for a low-risk, long entry either on the underlying stock or a set of call options with a .65 Delta or higher and 2 months until expiration.  It has already tested the previous up fractal, but with a no-go on closing above. Once a market close occurs above that level, we'll look to submit a buy order. Otherwise, we're prepared for a smaller turn to the downside or a range.

Again, we need a market close above the $19.35 mark, with our trailing stop starting ~7% and closing.  Happy Wednesdays everyone!