TWTR potential Short Breakout after poor earnings by tradethefifthcom on TradingView.com

We have identified a potential Short breakout swingtrading opportunity on TWTR , using out B.I.T.S Indicator suite for TradingView. After poor earnings , TWTR has gapped down and looks like there is no rebound in mind with the markets.

Our automated B.I.T.S indicator suite has identified a contraction in price action along with an increase in Bearish volume . this along with a specific points of control and algorithm has produce 2 short signals on consecutive day. this is showing Bearish momentum building!!

TWTR price action has gone through major support and we would see the next major support level as a target for this short trade

The Short entry is at $28.41, with Stop at $29.69.

Find out more about our B.I.T.S Indicator suite for TradingView by watching the video tour >>HERE<<