I decided to look at the monthly TF and found on Twitter a bullish triangle trend continuation figure, the development of this figure can bring the price to the region of $ 50. But on the weekly TF H&S figure, and this, as we know, is a reversal formation for the price, respectively, the development of this figure will send the price to $ 20, or even lower.
On the weekly time frame, a head and shoulders figure may be formed, which is a reversal for the price movement.
1 scenario: on the aisle price level $ 34 purchase, stop $ 33 (-3.5%), profit $ 42 (+ 22%)
Scenario 2: buying from current with a stop of $ 32 (-3%), profit of $ 42 (+ 27%), you can then buy 1/2 positions and buy the remaining 50% if the price goes above $ 34
Using RSI and CCI indicators, Weak form EMH and my 'gut feeling' to suggest a rise in Twitter's share price lasting (at least) until early September but will be holding until the second last week of August. Bought 3.62 shares LIVE.
TWITTER INC. Correction of shares is over. We are of the opinion that the seven-week fall in share prices is slowing down. The exchange rate is expected to be close to the correction level of 14.54 usd. Then, according to our strategy, we expect a more decisive increase, which would be close to 23 usd.