TWTR: I’m A Long-Term Investor Since 20 (PART 3)

LONG TERM

Twitter (TWTR) has moved a quiet a bit since my first entry at 20ish (PART 1), up almost +80% today.  My first  long-term monthly chart (click here to see the past chart for comparison) analysis depicted the possibility and possible scenario of  a major bottoming signal as the stock was attempting to breakout above the falling resistance (yellow).  Today, not only the stock has broken out of the falling resistance but also has broken above the “2-Year Base” and going strong here showing relative strength (compare to the broad market) this year.  This is long-term bullish signal as the trend is healthy and valid as of today.

2014 – Present (Monthly)

BULLISH UPTREND

Here are the few things going on that is positive in the intermediate-term.

1. 20EMA (weekly) has been acting as strong support since late 2017
2. Blue boxes (=uptrend) represent higher lows in place compare to the price action 2015-2016 with lower highs (red boxes = downtrend)
3. My oscillator at the bottom giving me a bullish cross.  Important fact is, it did not come all the way down to the bottom of the band (like it has been doing last 4 years), instead, it stopped short in the middle and crossing (see arrow).  This is the first sign you will see when the trend is getting strengthened.

2015 – Present (Weekly)

BEARISH RESISTANCE

Here are the few things to consider that could impact the stock in a negative way (minor and intermediate)

1. Falling resistance from the late-2014 and 2015 peaks is currently a threat to the bulls (see arrows)
2. Also, just beneath the falling resistance, we can see that horizontal pivot (horizontal red) is supporting the falling resistance
3. Because these two technical-resistances are colliding in this vicinity, it is rather a important and pivotal level for this stock

For TWTR to truly fly, this is the level to conquer–35-37 level and hold above it.  If we can do that, rest is history, we are probably going to reach 50-60s.  But if we can’t clear above it and starts to see a weakness here, could be hectic for the buyers.

2015 – Present (Weekly)

HOLDING STATUS

I am holding full position as of today and I have not sold any of my SHARES (and have no plan to sell anytime soon), but rather, I’ve added more in the areas of 30s as you can see below.

2017 Sept – Present (Daily)