I am not sure why TWTR should crash just because it banned Donald Trump permanently. But tank it did! Falling 12.5% to 45.15 from last Friday's close of 51.48, briefly breaching the 61.8% fibonacci retracement level but stopped short of the longer term trendline support @ 44.50
A bullish pin bar is forming right now as well as a potential bullish divergence between price and RSI. I decided to long as it began to recover above today's open (> 47.10), with initial stop placed just slightly below the trendline (currently @ 44.50).
Looking to trail the stops up if trade goes my way.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
A bullish pin bar is forming right now as well as a potential bullish divergence between price and RSI. I decided to long as it began to recover above today's open (> 47.10), with initial stop placed just slightly below the trendline (currently @ 44.50).
Looking to trail the stops up if trade goes my way.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.