TWTR long from technical analysis standpoint.

2020년 6월 1일

TWTR has been trading within an ascending channel and is on the lower trendline. TWTR has also seemed to bounce off the FIB level in confluence with the 100day and 100h moving average. Volume is confirming the rejection of the confluence area. TWTR is currently facing bad news due to talks of Trump executive order which makes it a slightly riskier play. Long due to TA but hopefully some good news comes in. Will also want to see S&P rise with bullish sentiment. Will cut if TWTR stays below current 100MA and Fib level.