Rising wedge look on the daily with RSI 5 divergence. MACD
rolling down. 9 EMA right below. Getting my attention as a short
candidate with proviso that it's a very strong stock and could
still break to the upside.
60 Min chart has formed a nice tight triangle with Bollinger
Bands getting tight. Found support today at the bottom of the
triangle and the 100 EMA. Volume pattern is very distributional in
triangle. If the techs finally weaken this could flush quickly to
test the gap.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
TWTR Daily and 60 Minute
Posted by puma on 25th of Feb 2015 at 11:49 pm
Rising wedge look on the daily with RSI 5 divergence. MACD rolling down. 9 EMA right below. Getting my attention as a short candidate with proviso that it's a very strong stock and could still break to the upside.
60 Min chart has formed a nice tight triangle with Bollinger Bands getting tight. Found support today at the bottom of the triangle and the 100 EMA. Volume pattern is very distributional in triangle. If the techs finally weaken this could flush quickly to test the gap.