WTF Chart of the Day: Twitter Fun

By Lawrence

Where did Twitter landed this December 2013?

WTF TWTR_20131230_155344

1. Left side range expansion levels based on first month range

2. yellow highlight support at 50% expansion

3. green highlight is 200% absolute range expansion, measured move target (the green trend lines) and 200% range expansion target

4. pink highlight is previous swing high and 100% expansion target

Even for a stock that is supposed to be moving unpredictably as labelled by the mainstream media, it is actually following the rules of price movement.

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Comments
  • Minty415 December 31, 2013 at 9:48 am

    Thanks for posting this. I was trading options in this, mostly selling the high IV. It’s been a fun ride for sure. 🙂

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