Twitter Set Up For A Bullish Island Reversal

The chart of twitter is a mess over the past month.


We have 3 large gaps, all unfilled due to the flurry of recent buyout rumors, causing large swings and turning the stock into a gamblers paradise.

What’s interesting from a technical perspective at the close of the day on Friday is the potential for us to walk into a bullish island reversal on Monday.

If the 7% rally higher on Friday gets follow through, we could have a tradable bottom to measure risk against with upside targets of filling one or both of the overhead gaps.

The island would “trap” 10 days of trading.

Don’t forget, Twitter is also reporting earnings next week, which will only add to the volatility and expected ranges.

Good luck to those playing.

Enjoy what you read? Share it below and be sure to tag @thetraderisk.

Find similar content on the following:
Posted in ,
Tagged with

Evan Medeiros

Evan is the founder of the Trade Risk. With 25 years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

Don't miss out on more educational articles just like this!

Please enter your name.
Please enter a valid email address.
Something went wrong. Please check your entries and try again.

Leave a Comment