Let's get right down to it. Twitter is going to breakout, and here's why: It is forming a cup and handle pattern, and has been forming a bull flag since its inception.
Both of these patterns are almost sure-fire bullish indicators. Twitter is flirting with a breakout above this bull flag, meaning that a new floor of support would be located at approximately $52.50. Moreover, there is a heavy floor of support at $50, so your downside is limited should you decide to pick up some shares.
As of the time I am writing this post, I am in Twitter with a $51.65 cost basis. I expect to get out at around $65.
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