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Rant & Rave Blog

TWTR Breaks Through Key Gap Window: Target Revealed

Posted by Gareth Soloway Tuesday, May 31, 2016, 12:51PM ET

Read 896 times

Twitter Inc. broke a key support today. The stock had been trading in a 7% range ($15-$14) for the last month. Today it broke out to the upside.

 

Note the chart below. This shows that the stock may be headed for the gap fill of $17.75. The stock chart is key it deciding whether to go long or short. In this case the chart is bullish with solid upside projected.

 

 

Gareth Soloway

Chief Market Strategist

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