Home > heikin-ashi > $TWTR is ready for a BIG move #markets #trading #stocks #trendfollowing

$TWTR is ready for a BIG move #markets #trading #stocks #trendfollowing

July 24, 2014

Twitter ($TWTR) daily

  • Big move ahead.
  • The short-term picture is positive, but sending a ‘do not rush’ message.
  • Positive bias due to the positive divergence (blue dashed lines).
  • Positive bias due to $TWTR proximity to the upper margin of the Ichimoku cloud (Senkou-span B).
  • There are two levels where a long trade could be initiated: (a) a close above the cloud and/or (b) a close above the buy-stop @41.18.
  • Although the short-term bias is positive, a stop-loss should be in place. Choice#1 is just below the July price low. Choice#2 is the first close below the Ichimoku cloud.

 

Twitter ($TWTR) weekly

  • Downtrend.
  • Trying to establish a base for the last 13 days (the last three Heikin-Ashi black candles).

 

Advertisements
Categories: heikin-ashi Tags: , ,
%d bloggers like this: