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Archive for the ‘TWTR’ Category

September 2nd, 2014: TWTR Wave Count Update

Posted by pugsma on September 2, 2014

4:05 pm EST:  The TWTR wave count is right on schedule.

TWTR daily chart (EOD):

PUG TWTR daily chart EOD 9-2-14

Posted in TWTR | Comments Off on September 2nd, 2014: TWTR Wave Count Update

July 29th, 2014: TWTR Wave Count Update

Posted by pugsma on July 29, 2014

4:40 pm EST:   Looks like the June 26th TWTR wave count was correct.  TWTR is trading +37% at 51.90 after hours.

TWTR Daily Chart (Mid-day, 7-30-14):

PUG TWTR Daily Chart MD 7-30-14

TWTR Daily Chart (7-29-14):

PUG TWTR daily chart EOD 7-29-14

TWTR Daily Chart (6-26-14):

pug-twtr-daily-chart-eod-6-26-14

 

Posted in TWTR | Comments Off on July 29th, 2014: TWTR Wave Count Update

June 26th, 2014: TWTR Wave Count Update

Posted by pugsma on June 26, 2014

TWTR price has broken the 6-month old down channel on the daily chart.  Consequently TWTR price action is looking very constructive (i.e. bullish) after finding what looks like a P2 bottom at 29.51, just above the IPO price of 26.00.

TWTR 60-min chart (EOD):

PUG TWTR 60-min chart EOD 6-26-14

TWTR daily chart (EOD):

PUG TWTR daily chart EOD 6-26-14

Posted in TWTR | Comments Off on June 26th, 2014: TWTR Wave Count Update

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

Posted in TWTR | Comments Off on May 1st, 2014: TWTR Wave Count Update

April 24th, 2014: TWTR Wave Count Update

Posted by pugsma on April 24, 2014

5:05 pm EST:  TWTR might need to the test the 36-38 area before the P2 wave is in the books.   A move above the 50.00 pivot and then above 52.90 should signal the end of P2 and the start of P3 wave toward 101.

TWTR daily chart (EOD):

TWTR dailly chart 4-24-14

Posted in TWTR | Comments Off on April 24th, 2014: TWTR Wave Count Update

April 10th, 2014: TWTR Wave Count Update

Posted by pugsma on April 10, 2014

12:00 pm EST:  There is a good deal of wave target confluence here at 41.61 for a P2 bottom (C=A at 41.71 and (5)=(1) at 41.70).  If 41.61 doesn’t hold, then look for a re-test of the Nov 2013 low of 38.80 and the 78% retrace target of 37.68.

TWTR Daily Chart (mid-day):

PUG TWTR daily chart 4-10-14

Posted in TWTR | Comments Off on April 10th, 2014: TWTR Wave Count Update

March 26th, 2014: TWTR Wave Count Update

Posted by pugsma on March 26, 2014

5:10 pm EST:  The TWTR P2 wave reached the 62% retrace at 44.49 today.  However,  TWTR might need re-test the 38.80 pivot and the 78% retrace at 37.68. It will take a break back above 54.62 to begin to confirm the move lower for the P2 wave is over.

TWTR 60-min chart (EOD):

PUG TWTR 60-min chart 3-26-14

TWTR daily chart (EOD):

PUG TWTR daily chart 3-26-14

 

Posted in TWTR | Comments Off on March 26th, 2014: TWTR Wave Count Update

March 18th, 2014: TWTR Wave Count Update

Posted by pugsma on March 18, 2014

2:15 pm EST:   TWTR looks to be in the process of completing wave minor C of major [Y]-P2.  The C=0.62*A target is 48.26, the major [Y]=[W] target is at 48.61 and the 50% retrace target for P2 is 50.33, so there is some confluence around 48-50 for the end of this P2 wave.

TWTR 60-min chart:

TWTR 60-min chart 3-18-14

TWTR daily chart:

TWTR daily chart 3-18-14

Posted in TWTR | Comments Off on March 18th, 2014: TWTR Wave Count Update

February 6th, 2014: TWTR Wave Count Update

Posted by pugsma on February 6, 2014

5:50 pm EST:  Here is a quick TWTR wave count update.  Today’s drop below $50.09 eliminated the initial wave count proposed back on January 8th.

So it looks like P1 topped at $74.67 and a P2 deep correction is underway.  The P1 wave moved up from the IPO price of $26.00 to $74.67.   The most typical fib retrace target for P2 would be 62% or $44.49.  However, there are other fib retraces as well as corresponding wave targets shown on the 60-min chart below.  It looks like P2 should bottom somewhere in the $50 (50% retrace) and $36 (76% retrace).

TWTR 60-min chart (EOD):

PUG TWTR 60min chart EOD 2-6-14

Posted in TWTR | Comments Off on February 6th, 2014: TWTR Wave Count Update

January 8th, 2014: Initial TWTR Wave Count

Posted by pugsma on January 8, 2014

1-9-14, 10:55 am EST:  Here is a more detailed look at the TWTR wave count on the 15-min chart.  TWTR looks to be in a wave (5) of minor C of major [4] wave down with targets at (5)=0.62*(1)=56.94 or (5)=(1)=54.31.  There is also the minor C=A=54.31. The 50% retrace of major [3] is at 56.79.  And the wave minor 4 of major [3] (i.e. the wave 4 of previous degree is at 54.23).  So there is a lot of confluence of targets in the 54-57 area to complete this major [4] wave.  It will take a move above 63.50 to confirm that the minor C of major [4] wave has ended and that major [5] up has begun headed for a target in the 80-82 area.

TWTR 15-min chart (1-9-14 mid-day):

PUG TWTR 15-min chart MD 1-9-14

TWTR 60-min chart (1-9-14, mid-day):

PUG TWTR 60-min chart MD 1-9-14

9:30 pm EST:  Tonight I’m posting my initial TWTR wave count.

TWTR IPO’ed at $26 and quickly moved up to $50.09 in a wave [1].  Then TWTR corrected nearly 50% in wave [2] down to $38.91.  Next TWTR made an impressive wave [3] move up to $74.67, which was nearly a perfect major [3]=1.62*[1] Fibonacci extension of major [1].   From $74.67 TWRT has again been correcting in a minor A-B-C Zig-Zag for major [4] wave that has so far hit $57.92 as of today.  The $57.92 level hit the lower channel edge and is again near a 50% retrace of the major [3] wave at $56.79. There is also a C=A target lower at $54.33.

Assuming $57.92 holds as the major [4], we can project a third and final major [5] push up to $82.01, where major [5]=[1].

This TWTR wave count remains valid as long as major [4] holds the major [1] high of $50.09.

TWTR 60-min chart real-time link:  http://www.freestockcharts.com?emailChartID=39681c11-09cc-44ca-a44e-d63b9cc22a7b

TWTR 60-min chart (EOD):

PUG TWTR 60-min chart EOD 1-8-14

Posted in TWTR | Comments Off on January 8th, 2014: Initial TWTR Wave Count