Head and Shoulders is Twitter's worst enemy.

Güncellendi
Noticed a trend with TWTR recently, It hates head and shoulders patterns. The 3 examples (last one being my prediction) show that with every Head and Shoulders formation Twitter always seems to have a price correction. Usually Head and shoulders is a good bull sign for a stock to move up in price but it isn't the case with Twitter, in fact its quite the opposite. Example 2 points out the big fall in price for twitter and guess what it was a H&S pattern. Yes the pattern on that one looked somewhat irregular from a traditional Head and Shoulders pattern but it still had all the features of one nonetheless. The 3 examples I have displayed are in a short term span of 1 year of 2018 but I urge you to look at the 5 year chart and look at the Head and Shoulders that have formed in the past 5 years. There are 3 H&S that have formed in the year 13'-15' but pay attention to the last one on the year of 2015. Its price action looks similar to the recent H&S pattern of this year of 2018 which has finished and will confirm another downturn for TWTR. Notice how the 3rd H&S took a few months for its downturn to start happening. It might be the case for this one of 2018 also. I expect to see TWTR go back and test its support at $29 and see if it stabilizes. If not I think Twitter will have exhausted its support from there and look towards a sub 20 price point again of $15.
Not
Tech sector took a jab on Friday not going to look good for the upcoming week. TWTR is probably going to follow up with some losses by next week also.
Not
Was right about sell off. PRESS PLAY BUTTON. Left shoulder is starting to form for Twitter. This is really bad. $30 price target on its way. Sell offs usually are for 2-3 trading days, so with that being said tomorrow will be another dip on tech stocks.
Not
I mean't Right Shoulder from last update. sorry for the confusion.
Not
Right shoulder clear as day,100% down turn now. This is what you call a "dead cat bounce" or a "bull trap". The bounce back today doesn't add up investors beware. Twitter stock still in my guidelines so I'm not worried about my calls being wrong.
İşlem aktif
TWITTER RIGHT SHOULDER FORMED LOOK FOR $30 NOW!
Not
Monday looking ugly for Twitter I'll be going for quick action/profit at open. $30 target for next week and maybe $29 if it gets uglier.
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