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 ! :)