Looking at the TWTR stock chart, you can see that the stock tagged an important resistance level recently near the $52.00 level. At this time the stock chart is looking bearish, this would indicate that a move lower in the share price should be expected. With that in mind, if the right pattern presents itself we at the Elite Round Table will be looking to initiate a short trade near these levels, with a profit target down to the $45.00 level.
We will continue to provide useful market information you can profit from for free, and emailing you important market action when it happens (join the list if you have not already). But if you want to know exactly when we initiate this position and more live when we pull the trigger, join us at the Elite Round Table here.
Evan Poechman
Elite Round Table
