TWTR Lower Trendline Break

5 พ.ค. 2015

Last one for the evening. It looks like TWTR is breaking its lower trendline on the ascending triangle pattern it was putting in. The small wick at the top of today's candle stick could have been a backtest of the trendline and appears to be forming a bear pennant formation in the short term. Will be waiting for confirmation that it is going to continue to the downside. If a trade is taken on the short side be cautious of the major support at 36 and watch for signs of slowing momentum to the downside after such a large move.