TWTR Short Breakout Opportunity Using B.I.T.S
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.
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