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Twitter - Sell OpportunityThe price bounced from the resistance zone between 35.00 and 35.50 levels. RSI confirmed the price reversal. The market looks overbought and the downward movement will be logical. MACD histogram gives a bearish signal. MACD lines are going to support a possible downward movement. DMI is bullish but ADX line, after reaching 50.00 level, starts a sideways movement. It tells us that buyers can take a rest and the market will be able to start a correction movement. If the price breaks the local uptrend line, we will get an additional signal confirming the further downward movement to the nearest support zones at Moving Averages and support levels.
NYSE:TWTRShort
by DLavrov
TWTR to reestablish lowsVery large head and shoulders finishing out the right shoulder(s) now. Attempt to reclaim the yearly pivot zone (Pink) failed providing very bearish price action in chich the pivot was gapped below, and failed a retest. So far TWTR has also been rejected by it's maco supply & demand channel. the Head and shoulders price target is well below the next yearly support zone, and therefore I have chosen that zone as my exit. I expect a fair amount of meandering so I set my expiration date for January 2020, when a new set of yearly pivots is generated. my stop is a daily close above the previous swing high. Position taken: Long Put TWTR $18 Strike 01/17/2020 Expy. Denoted by the Red and Blue circle
NYSE:TWTRShort
by PJBTrade