Kay Kim | May 30, 2018 06:02PM ET
Twitter (TWTR) has moved a quiet a bit since my first entry at 20ish (click here to see the past chart for comparison) analysis depicted the possibility and possible scenario of a major bottoming signal as the stock was attempting to breakout above the falling resistance (yellow). Today, not only the stock has broken out of the falling resistance but also has broken above the "2-Year Base" and going strong here showing relative strength this year. This is long-term bullish signal as the trend is healthy and valid as of today.
h3 BULLISH UPTREND/h3
Here are the few things going on that is positive in the intermediate-term.
Here are the few things to consider that could impact the stock in a negative way (minor and intermediate)
For TWTR to truly fly, this is the level to conquer--35-37 level and hold above it. If we can do that, rest is history, we are probably going to reach 50-60s. But if we can't clear above it and starts to see a weakness here, could be hectic for the buyers.
h3 /h3 h3 HOLDING STATUS/h3
I am holding full position as of today and I have not sold any of my SHARES (and have no plan to sell anytime soon), but rather, I've added more in the areas of 30s as you can see below.
Original Post
/h3
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