Twitter (TWTR) Bulls Coming To Play

Hi Traders,

Since my last post on Twitter, Price has rather continued to break the trendline which I have drawn. This changes my perspective on what may happen going forward.

Looking at the 4-hour time frame, I see that price is trading at 39.95 which is also a resistance. I would like to see a pullback from this level into 37.37 where I will be looking to buy the stock. I would like to see price create rejection at this level and bullish candles before committing to a long position. My target will be at 48.16 which is an untested resistance.

Looking at the downside, If price breaks my point of interest with strong momentum, this play will be off the cards for me. That is when I will reanalyze and see where we could go next.

Renaldo Philander.

Prediction Analysis Overview Table

Analysis Overview Information	Prediction Analysis information
On what market is this position based (Forex, Stocks, Crypto, Indices, or Commodities)?	Stocks
What is the trading position identifier (Name and/or Symbol)?	Twitter
Is this a Short or Long Position?	Long
Would this be considered a Short Term, Medium Term, or Long Term trade?	Long Term
As a Short, Medium, or Long Term trade, which best describes the position (Scalping, Day Trading, Swing Trading, or Position Trading)?	Swing Trading
What Time Frame chart is the position based on (1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, Daily, or Weekly chart)?	4-Hour
Depending on the asset, how much do you expect it to move in price or percentage?	From Entry to Target – 28.87%
What ratio of risk to reward is this trade/position? Choose your appropriate target(s)	More than 5 to 1 Target 2 N/A Target 3 N/A
What were the technical analysis tools used? Tick the appropriate boxes;	☐ Chart Patterns ☐ Indicators ☒ Price Action ☒ Support & Resistance ☐ Trendlines
From the technical analysis tools and indicators provided, tick the appropriate boxes for the tools and indicators used to analyze the position;	☐ Ascending Triangle, ☐ Bollinger Bands, ☐ Candlesticks, ☐ Channel, ☐ Cup & Handle, ☐ Descending Triangle, ☐ Double Bottom, ☐ Double Top, ☐ EMA, ☐ Fibonacci Retracement, ☐ Flag, ☐ Head & Shoulders, ☐ MA, ☐ MACD, ☐ Order Blocks, ☐ Pennant, ☐ Rounding Top Or Bottom, ☐ RSI, ☐ Symmetrical Triangle, ☒ Volume, ☐ Wedge