PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

May 1st, 2014: TWTR Wave Count Update

Posted by pugsma on April 30, 2014

Apr 30th, 10:15 am EST:  TWTR price has reached the forecast $37.5 target area of the completion of the Primary 2 (P2) wave correction at 78% retrace of the P1 wave up from the IPO price of $26 to $75.   However, it is still possible that TWTR will need to correct to the 88% retrace target area around $31.5, as shown in the alternate (blue) wave count.  It will take a move $43.97 and then $47.09 to confirm the P2 low is in place.

Also, should TWTR move below the IPO price of $26 then the overall wave count shown is wrong.

TWTR 60-min chart (mid-day):

PUG TWTR 60-min chart MD 4-30-14

TWTR daily chart (mid-day):

PUG TWTR daily chart MD 4-30-14

Sorry, the comment form is closed at this time.

 
%d bloggers like this: