As discussed on my video recap last night, Twitter is trying to emerge to make a higher low from its recent pullback.
Note the inverse head and shoulders bottom still intact.
We traded the initial breakout on the long side inside the 12631 Trading Service perviously.
Now the issue becomes whether the stock can make a major higher low and escape from its “bird’s nest bottom.”
Headed into next week, trading against $36 makes sense as a downside stop-loss level. I am looking to see a bit more strength before an entry.
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Target?
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