Tuesday, October 14, 2014

Chart of the Day: TWTR

It's a volatile market for swing traders and just about every index and sector is in a confirmed downtrend.  However, TWTR (Twitter) has held up strong and after two days of weakness has formed a hammer candle right around two areas of strong support.

Hammers near support are often excellent entries off breakout-pullbacks, however in this market I would exercise extreme caution.  I have not even included this setup in the Trade Report.

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