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