Time to sell your TWTR stock may be approaching

8 Jun 2018

TWTR had a great week this week, huge full bodied green candle. Volume wasn't as good as previous push up. If we get a red week next week, it will paint a bearish divergence on the RSI weekly. We are now touching a possible downward trendline. Daily reveals a parabolic movement up.

Risk:reward tilts towards a short play. Short this resistance level now if you dare, but I recommend waiting for a break down from the parabola or a confirmed weekly bear div.

11 Jun 2018

Nota

Here is a real short opportunity. At major weekly trendline resistance. 15 minute: retraced half way up the high volume red hammer. Parabolic advance on weekly will eventually break down: I am not taking the short because we are just trending too strong up, very unlikely to succeed despite good r:r.

18 Jun 2018

Nota

Trade set up still looks good. The further up the parabolic trend TWTR gets the better the risk:reward for shorting the break of parabolic trend.

23 Jun 2018

Nota

Still watching for that short entry :)

18 Jul 2018

Nota

It appears we will have a weekly close below the parabolic trend this week, following a 1 (arguably 2) part bear div on weekly RSI.