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TWTR Near Breakout: 20 Percent Move Coming!

Discussion in 'Technical Analysis' started by inthemoneystocks, Jun 6, 2016.

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  1. inthemoneystocks

    inthemoneystocks New Member

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    Twitter Inc (NYSE:TWTR) is again attempting to close above the key gap window created on April 27th, 2016. This level is a technical point on the chart that is resistance. Remember, when resistance is broken, a breakout occurs. Momentum buyers jump in and a stock can surge dramatically. Ultimately, a breakout can take the stock from $15.30 to $17.75.

    Remember, $TWTR MUST close the day above the gap window of $15.30 to be considered a technical breakout. This is extremely important as the stock can trade above that level intra day with no importance.

    [​IMG]


    Gareth Soloway
    InTheMoneyStocks
     
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