How to Develop Trading Plans for Twitter Inc $TWTR and other Stocks

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Apr 20, 2021 (Stock Traders Daily via COMTEX) — According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Twitter Inc (NASDAQ: TWTR) to foretell upcoming changes. A current example is provided below. There are trading plans for TWTR, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.

Technical Summary

Bias Weak Strong Strong
P1 0 0 59.62
P2 65.06 67.80 66.76
P3 66.96 73.12 75.19
Long Term Trading Plans for TWTR

April 20, 2021, 7:45 pm ET

The Technical Summary and Trading Plans for TWTR help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TWTR Report.

TWTR – (Long) Support Plan

The technical summary data tells us to buy TWTR near 59.62 with an upside target of 66.76. This data also tells us to set a stop loss @ 59.45 to protect against excessive loss in case the stock begins to move against the trade. 59.62 is the first level of support below 65.7 , and by rule, any test of support is a buy signal. In this case, support 59.62 would be being tested, so a buy signal would exist.

TWTR – (Short) Resistance Plan

The technical summary data is suggesting a short of TWTR as it gets near 66.76 with a downside target of 59.62. We should have a stop loss in place at 66.95though. 66.76 is the first level of resistance above 65.7, and by rule, any test of resistance is a short signal. In this case, if resistance 66.76 is being tested, so a short signal would exist.

COMTEX_384783765/2570/2021-04-20T20:10:57

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The MarketWatch News Department was not involved in the creation of this content.

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