Since my latest analysis, $TWTR rallied and reached the 30$ target zone (see linked idea).
Now, $TWTR is forming potential bull flag, just below the 32-33$ structure zone.
It looks like $TWTR is about to break out of both the structure zone and the trading channel (black dashed lines) towards the next target zone - 36-37$
The Fast and 50 SMA lines act as...
7/29 gap at 38.92 is closed, so watch for a potential reversal. MACD looks like it's ready to reverse, but due to the volatility in this stock there's a number of things you should watch for.
Rejection at 41.80, would take it back down to ~38.90, so I would watch for a careful break through this level on decent volume.
44.16 Seems like the likely target for...
Credit to Greg Harmon for putting this on my radar. Diving into the price action, Facebook's 2 month sideways grind may be coming to an end as price hugs channel resistance in a bullish cup and handle formation. Respecting fractal behavior, the pullback/consolidation touched down exactly on the 61.8% fib measured from last November's swing low to the March highs....
