hi blorrilliere - not sure what you mean? Yes TWTR was listed
more as a support bounce play or quick short. The short gave
a trade but then we noted the positive divergence on both the 60
min and daily time frame and it has since bounced.
Personally Steve and I don't like to short stocks on a break of
a low horizontal line unless the market is really trending down,
too often you will get a small move and reversal, so always look at
60 min time frames for positive divergence to avoid or keep it
quick. We prefer shorts up near highs in wedges or light
volume bounces, I shorted GOOGL on Tuesday on the bounce NOT on a
break down for example
Posted by jbarberis on 10th of Dec 2015 at 11:46 am
TWTR had some good news come out today. Before today it was
trading on technicals without a short term catalyst.
https://uk.finance.yahoo.com/news/twitter-surges-plans-capitalise-logged-155800300.html
Posted by blorrilliere on 10th of Dec 2015 at 11:28 am
Re-reading the post, it didn't come off as I
intended. I didn't actually mean the set up was good
bad or indifferent, I just found it funny using twitter to post the
set up as a potential short. It was several weeks
back....so not current.
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hi blorrilliere - not sure
Hi Matt, I found it ironic that you had posted to ...
Posted by matt on 10th of Dec 2015 at 11:14 am
hi blorrilliere - not sure what you mean? Yes TWTR was listed more as a support bounce play or quick short. The short gave a trade but then we noted the positive divergence on both the 60 min and daily time frame and it has since bounced.
Personally Steve and I don't like to short stocks on a break of a low horizontal line unless the market is really trending down, too often you will get a small move and reversal, so always look at 60 min time frames for positive divergence to avoid or keep it quick. We prefer shorts up near highs in wedges or light volume bounces, I shorted GOOGL on Tuesday on the bounce NOT on a break down for example
TWTR had some good news
Posted by jbarberis on 10th of Dec 2015 at 11:46 am
TWTR had some good news come out today. Before today it was trading on technicals without a short term catalyst. https://uk.finance.yahoo.com/news/twitter-surges-plans-capitalise-logged-155800300.html
Re-reading the post, it didn't
Posted by blorrilliere on 10th of Dec 2015 at 11:28 am
Re-reading the post, it didn't come off as I intended. I didn't actually mean the set up was good bad or indifferent, I just found it funny using twitter to post the set up as a potential short. It was several weeks back....so not current.