Chart Update: "... That Way, Replied The Bears" | $Twitter $NYSE
Friends,
Yesterday, we released a bearish target, TG-1 = 45.55 from a 58.42 position (See our chart analysis: "Which Way To The Bear Party?" - www.tradingview.com/v/rCj8VcOp/). Today, we let the bear point the way. Down.
Indeed, the stock continued to fell to new lower lows over 5 news candles, even posting a new lower low yet according to TradingView.com after-market trading activities.
Additionally, the stock received broad news coverage (see: "Twitter stock plummets more than 24%: What next for the social media company? on.wsj.com/1gQbDVx " just twitted a few minutes ago).
At this point, we remain fixated on the same target, TG-1 = 45.55, expecting a support defined yesterday in our predictive analysis and forecast,falling in line with an earlier structure (see 05 FEB comment in the chart pointing to that structure level).
OVERALL:
Directional bias remains "Neutral-to-bearish". Target remains intact and in force.
Cheers,
David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA
------------------------------------------
Twitter? Follow us: @4xForecaster
Charting through TradingView.com: 4xForecaster
------------------------------------------
Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations.
Yesterday, we released a bearish target, TG-1 = 45.55 from a 58.42 position (See our chart analysis: "Which Way To The Bear Party?" - www.tradingview.com/v/rCj8VcOp/). Today, we let the bear point the way. Down.
Indeed, the stock continued to fell to new lower lows over 5 news candles, even posting a new lower low yet according to TradingView.com after-market trading activities.
Additionally, the stock received broad news coverage (see: "Twitter stock plummets more than 24%: What next for the social media company? on.wsj.com/1gQbDVx " just twitted a few minutes ago).
At this point, we remain fixated on the same target, TG-1 = 45.55, expecting a support defined yesterday in our predictive analysis and forecast,falling in line with an earlier structure (see 05 FEB comment in the chart pointing to that structure level).
OVERALL:
Directional bias remains "Neutral-to-bearish". Target remains intact and in force.
Cheers,
David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA
------------------------------------------
Twitter? Follow us: @4xForecaster
Charting through TradingView.com: 4xForecaster
------------------------------------------
Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations.
