TWTR - Calls in Play

28. Aug. 2018

Entered on the potential buy MACD signal with the integration of the resistance breakout. Thanks to breaking another resistance level today, another good buy signal is approaching with the MACD cross above 0 line. But note where the MACD had resistance drawn with the green horizontal arrow before the major breakout that TWTR had. Therefore, we expect some sort of resistance at these levels on our MACD. Those correlate to where the resistance lies from the gap down near 37.50-38.00. A break of those resistances should create a break above MACD 0 line and that MACD resistance line confirming that our buy was a strong buy and we should see more. Therefore, break of 36 should give us some early momentum, but we will be hitting some resistances. I'll watch those resistance levels on the way up using a 5 min chart. Break above 37.50-38.00 should be tons of momentum to carry this back to natural resistance at 40.