if your a conservative you’ll be happy and if your a liberal you will be angry … (having fun folks) but, either way, a SELL PATTERN is complete on Twitter. For the pattern to be considered it should not go above 62.
at a minimum, expect a potential double digit move lower.
this was the real time post from last week: http://bartscharts.com/2013/11/14/twtr-first-sell-pattern-coming-into-play/
it’s no secret – I don’t know fundamentals.
it’s really really confusing and seems very intellectual. I do, however, know charts and price/time.
so, if TWTR opened at 45 and peaked at 50 and close today around 40.50 well … isn’t the entire world underwater w/ that amazing investment in a company that has NEVER turned a profit.
things that make you go hmmmm
following the bouncing ball on $TWTR …an update to this AM’s post
certainly could be quite the story if Twitter marked the top in the market …
anyway, below is Twitters first day of trading – no patterns or anything like that, yet but I did want to show you a 1 minute chart and how most, if not all, of the swings were being governed by the numbers that we use …no moving averages, bollinger bands, oscillators or anything like that … just key numbers that put probability in your favor and allow you to work and play w/ your edge.
pretty interesting that it basically closed where it opened …and, I find it also interesting that this amazing IPO occurred when it’s index (the NAZZIE) was DOWN roughly 2% and that it basically closed where it opened … things that make you go hmmmmmm
note, a nice little SELL pattern in the pre-market….just saying. upper targets (note w/ blue ellipses) are where the “should I stay or should I go” will come into play …
B
