TWTR Found Buyers at Support

TWTR had a little trouble recently on the challenge of the $25.50 area, and the sellers seem to have won. TWTR found buyers at support near the 50-SMA. The buyers have come back with a Bullish Morning Star pattern and follow through closing above the T-Line. Over the next few days we will be watching for a breakout, test and a buy signal (BTB) TWTR is a bullish chart and a Bullish buy over $25.75 with a qualified buy signal.

Learn more about my trading tools join me in the trading room or consider Private Coaching. Rick will help coach you to trading success. Today At 9:10 AM ET. We will demonstrate live how TWTR could be traded using our Simple Proven Swing Trade Tools

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On January 29, Rick shared NTLA as a trade for members to consider and how to use the trading tools listed below. Currently, the profits would have been about 8.5% or $210.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

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The SPY held the T-Line at the close yesterday but with a Bearish Harami stupidity overbought. The VXX was up and held the bullish link into the close as well; the clue is to be cautious and not blindly bullish as so many traders are in recent days. In the trading room yesterday we spoke of the $268.00 line if the price gets below we will likely see a test of the T-Line, the first time in 19 days.

The Transports ETF (IYT) has lost the T-Line, and I suspect a few other important ETF’s will lose the T-Line today.

The VXX short-term futures closed above the 50-SMA yesterday headed toward our first profit zone on about $31.00 depending on price action we may or may not pull profits.

Rick’s Swing Trade ideas

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Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

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