$TWTR over $40

$TWTR was beaten down in 2014, but is off to a great start in 2015.  I spoke early and often about a short term move to $40.  Last week $TWTR broke that $40 level.

My chart from the start of the year, with the stock at $36.50 pointed to a move up into trend line resistance.  That is exactly what happened.


The trendline resistance at the $40 level, once broken with vigor could keep the stock rallying.  As I said before the year started, $TWTR is a $100 stock in $36 clothing.

With that being said, I will be a buyer of calls through resistance this week.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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