TWTR had a selling exhaustion a few days ago, volume showed up and a big white candle made this chart looks beautiful...
But make no mistake... this is risky territory...
The target for a potential rebound is $4.5 which is the upside main reference.
I played this stock a few weeks ago. It has now settle into a base and a nice white candle is upon us today.
Added to my candidates list, if it clears $3.46 it can fill that 1 day red candle up to $3.78, some resistance there which if movable would allow it to attack another 1 day red candle up to near $5. the 50SMA at $4.36 would be a nice spike sell target. Yesterday was a move out of a great flag formation, but volume was low so not fully confirmed for me. Through $3.46 on vol and I'll buy.
Mike
Looks good to me.
This one getting busy again. Double bottom $2.26, I think it will run to $4 from where it is now before either getting sent back again or taking that out to $5. Will see, clearing $3.40 will be the first test.
BK, and oversold.
Long 36k shares at 0.203 average.
g
shaken out of twtr at 28.0c this morning, + 40% (+2700)
06/12/07 9:47 AM EDT Sell 24100 TWTR Executed @ $0.28 Details | Edit
06/12/07 9:47 AM EDT Sell 11900 TWTR Executed @ $0.28 Details | Edit
g