Twitter Inc (TWTR)

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What in the World is the Longer Term TWTR Chart Telling Us? Hint: Nothing Good
By: Mike Paulenoff | November 21, 2018

TWTR-- deserves and requires more than a one-liner. Wow, what a chart! My attached Weekly Chart shows a massive Head & Shoulders Top Formation that is in the process of carving out a Right Shoulder between 36 on the high side and 27 on the low side.

The implication from the pattern indicates that if for whatever reason TWTR declines beneath 26-27 support, it will be vulnerable to powerful forces of long liquidation that sends the stock towards 12-15 optimally, and possibly to SINGLE DIGITS thereafter.

If Left-Right Shoulder time symmetry is equal, then 10-12 weeks will be needed to complete the Right Shoulder, which means another 3-5 weeks from now, or mid-to-late December before TWTR will be extremely vulnerable to acute selling pressure.

Only a climb above 36-37 will invalidate the Top Formation...

Anyone have some thoughts about what conditions or fundamentals would send TWTR into an existential tailspin?



https://www.mptrader.com/middaymarkets/What-in-the-World-is-the-Longer-Term-TWTR-Chart-Telling-Us-Hint-Nothing-Good-20181121113979.html

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