A lot of you may remember when the FB IPO launched and FB quickly became the most hated stock in the market, we were probably the first ones to go long FB and a day later we were in the green and eventually we had a +30% gain, some members had a +300% gain.
I have stayed away from TWTR firstly because the IPO action is always crazy and unpredictable-look at FB, but more importantly I need to establish some trading character of the stock, figuring out its character and which 3C best responds to it's trading action.
I don't have an exact answer on the version yet, but I do see something between the two versions that are top contenders that may make TWTR a long position, even if for a quick trade, it may be worth it considering the attitude toward TWTR.
Actually, now that I looked at the third version of 3C (the one I thought least likely to be its character, it is showing the same signals as the first two so it looks like there's pretty good confirmation shaping up for a TWTR long. I probably don't need to say it, but this is a speculative position just because we are not familiar with its character yet.
This is the 1 min intraday, not the strongest for underlying trade, but good for intraday trade signals, it shows a positive divegrence at the recent lows and as it has pulled up a bit there's a negative intraday divergence suggesting a pullback.
I think this pullback is going to create a larger accumulation area in which TWTR can put in a solid bounce from.
The 3 min chart shows stronger underlying trade, but less intraday detail, it is showing a leading positive divegrence currently, the first I have seen on TWTRs chart since it started trading.
The faster blue version of 3C shows the same thing as the orange 1 min intraday chart, a positive divegrence at the lows with a negative (pullback) currently, again I think TWTR pulls back in to a stronger positive divegrence and likely makes a move to the upside.
The stronger 3 min blue chart also shows a larger positive divegrence at the lows and a leading positive now, I'm thinking it's probable to see a pullback around the yellow trend line, if there's stronger positive divergences as/if that happens, TWTR becomes a higher probability long TRADE.
The stronger underlying 5 min trend is leading positive
As is the 5 min blue.
And the 10 min is leading positive
The blue has a strong relative positive in to the lows and a small leading positive now.
Here's a quick summary with yellow...
The more powerful 10 min chart seems to show a trend of accumulation of TWTR has been building up with a relative positive divegrence first in to its lows and then a leading positive since.
This is more of the strategic view. Tactically as far as details...
The intraday 2 min chart also shows a fairly strong positive divegrence at recent lows lifting TWTR, but a very recent and weaker negative divegrence that should pull TWTR back intraday a bit.
I'm guessing that TWTR is pulling back to add to the positive divergence, or in other words to accumulate the pullback and create a larger base which is still pretty small, but you may want to set some price alerts if you have any interest here and look for a pullback near the recent lows. There's always a high probability of a head fake which would be a stop run below the recent lows, if there's accumulation ion to such a move, TWTR becomes a high probability/lower risk long position.
I have no idea how far north it could move, but we'd just watch it for distribution as it moves up.
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